Engineering news
Siemens is to buy simulation software company CD-adapco for £683 million.
CD-adapco, which employs more than 900 people and last year reported revenues of £140 million, is best known for computational fluid dynamics (CFD) software, STAR-CCM+. The company also produces software to simulate Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry and acoustics.
The acquisition significantly expands Siemens’ presence in industrial software. CD-adapco will be integrated into Siemens’ Digital Factory (DF) division as part of its the Product Lifecycle Management software business.
Anton Huber, chief executive of the Digital Factory division, said: “By adding advanced engineering simulation tools such as CFD to our portfolio and experienced experts in the field to our organization, we’re greatly enhancing our core competencies for model-based simulation that creates a very precise digital twin of the product,”
CD-adapco says it has 3,200 customers worldwide and that its software is used by 14 of the 15 largest carmakers, by all of the top ten suppliers to the aerospace industry and by nine of the ten largest manufacturers in the energy and marine sectors.
Sharron MacDonald, chief executive of CD-adapco, said, “The opportunities that come with the acquisition by Siemens are endless. The vision of our founders will be realised in the integration of these world-class engineering and manufacturing technologies and a business strategy that will allow engineering simulation to impact more products and companies than ever before.”
Klaus Helmrich, member of the Managing Board of Siemens, said: “Simulation software is key to enabling customers to bring better products to the market faster and at less cost. With CD-adapco, we’re acquiring an established technology leader that will allow us to supplement our world-class industry software portfolio and deliver on our strategy to further expand our digital enterprise portfolio,”.