The Siemens signed an agreement to acquire CD-adapco for 895.45 million euros. The two companies signed an agreement “to buy shares in order to acquire” CD-adapco by Siemens.
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In a statement sent to news the minute, Siemens explains that CD-adapco is “a global engineering simulation with software solutions” covering “a wide range of engineering disciplines. “
The company to be acquired had in his team over 900 employees and recorded revenue of 184.62 million euros.
The deal should be completed in the second half of fiscal year 2016.
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