Complex sentence: On January 24 2007 the German electronics giant Siemens AG announced to acquire UGS for $3.5 billion to integrate it into Siemens Automation & Drives group in order to provide hardware, software and services for the so called digital factory.
Split into simpler sentences: On January 24 2007 the German electronics giant Siemens AG announced that they would acquire UGS for $3.5 billion. UGS will provide hardware, software and services for Siemens' so called digital factory.