Siemens expands its portfolio of industrial software
CD-adapco: leader in dynamic simulation computational fluid ( CFD)
Acquisition value: $ 970 million
Siemens and CD-adapco signed an agreement for the purchase of shares for the acquisition of CD-adapco by Siemens. The purchase price is $ 970 million. The CD-adapco is a global simulation engineering with software solutions covering a wide range of engineering disciplines including fluid dynamics (CFD), solid mechanics (CSM) heat transfer, particle momentum, reactant flow , electrochemical, acoustic and rheology. Last fiscal year, CD-adapco had over 900 people on your team and revenues of about $ 200 million with margins of two typical digits of the software industry. On average, CD-adapco has increased its revenues in constant currency by more than 12% annually over the last three fiscal years. Siemens expects this business to continue to register strong growth in the future.
“As part of its Vision 2020, Siemens acquired the CD-adapco, directing your focus on growing digital business, expanding its portfolio in the industrial area of software. The simulation software is key to allow customers to bring better products to market faster and with lower costs. With the CD-adapco, we are acquiring an established technology leader we will complement our portfolio of industrial software world class and implement our strategy of expanding our portfolio in the digital business area, “said Klaus Helmrich, member of the Board of Siemens’s management.
The CD-adapco is a global engineering simulation with a single view of Multidisciplinary Design Exploration (MDX). The engineering simulation provides the most reliable information flow as possible to the design process, which fosters innovation and reduces development costs for the products . CD-adapco simulation tools, led by the flagship product STAR-CCM +, allows engineers to discover better designs faster. The CD-adapco has over 3,200 customers worldwide. Your software is currently used by 14 of the 15 largest automakers, for all 10 main suppliers of the aerospace industry and for nine of the ten largest manufacturers of energy and maritime sectors.
The CEO and President CD-adapco Sharron MacDonald said, “I am happy both for employees and for customers CD-adapco. The opportunities resulting from the acquisition by Siemens are endless. The vision of our founders will be achieved with the integration of engineering technologies and manufacturing world class and a business strategy that will allow the simulation of engineering impact more products and companies than ever before. “
The CD-adapco is headquartered in Melville, New York, USA, and has 40 offices around the world. Siemens expects synergies have an impact on EBIT in the medium range double-digit million within five years of the closing of the deal, primarily from revenues. The closing of the transaction is subject to customary approvals and is expected to second half of fiscal year 2016.
The CD-adapco will be integrated into the PLM software business division of Digital Factory (DF) from Siemens. DF is the industry leader in automation technology and one of the leading software suppliers of Product Lifecycle Management – PLM (Product Lifecycle Management). “By adding advanced engineering simulation tools such as CFD to our portfolio and experienced experts in the field to our organization, we are increasing much our core competencies in the field of simulation-based model that creates a digital copy very precise product” . said Anton Huber, CEO of Digital Divide Factory
The Digital Divide Factory brings together all Siemens businesses that meet the discrete manufacturing sectors – for example, building cars and aircraft, construction machinery and electronics. Its portfolio includes software technologies and fully integrated hardware and high performance for implementing technical data links ‘seamless’ between development, production and suppliers. Siemens is currently the only company to offer technologies that comprehensively, merge the virtual world of product development with the real world of manufacturing. New products can be designed, tested and optimized on the computer, while the corresponding production processes are already being planned and implemented. As a result, customers benefit from increased efficiency, greater flexibility and shorter time to market.
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