Siemens China is starting to look for Israeli knowhow to enhance its fledgling security business.
Peter Tang, who runs Siemens' operations in China, will be arriving in Israel next week for meetings with Israeli companies involved in passive and active electronic and data security.
Tang's ultimate aim is to buy know-how or whole companies.
Siemens plans to invest $1.5 billion in R&D and production in China over the next few years, in order to become the number-one security player in advance of the Olympic Games in Beijing in 2008.
Siemens, which develops and manufactures electrical and electronic devices and appliances, has two R&D centers in China - in Shanghai and Beijing.
"Although China reports 7.3% annual growth, it is just starting in security," said Yaron Gino, who is coordinating the meetings.
Gino is the CEO of Gino Industries, which specializes in low and high-voltage systems and represents international corporations in Israel.
"The visit is intended to enable Siemens to boost all its products. It will be looking at a wide variety, from tiny electronic devices to nuclear plants," Gino said.
Tang will be meeting with representatives from Nice, Arbitech, Noyotecc, Visonic, Verinet, Electronic Line, Oz-Vision, D-Fense and other companies.
The visit, which is being sponsored by the Ministry of Industry and Trade's Export Institute, was initiated by businessman Avishay Nitzan, the owner of Security Israel Limited, which provides Siemens with services in Shanghai.