Portfolio for industry software expanded
Siemens to acquire CD-Adapco
27.01.2016 – Siemens and CD-Adapco have entered into a stock purchase agreement for the acquisition of CD-Adapco by Siemens. The purchase price is 970 million US$. CD-Adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including Fluid Dynamics (CFD), Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology. Last fiscal year, CD-Adapco had over 900 employees and
revenue of close to 200 million US$ with software-typical double digit margins. On average, CD-Adapco increased its revenue by more than 12 % annually over the past three fiscal years.
Siemens expects this business to continue to experience strong growth in the future. As part of its Vision 2020, Siemens is acquiring CD-Adapco and sharpening its focus on growth in digital business and expanding its portfolio in the area of industry software. 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,” said Klaus Helmrich, member of the Managing Board of Siemens.
CD-Adapco is a global engineering simulation company with a unique vision for Multidisciplinary Design Exploration (MDX). Engineering simulation provides the most reliable flow of information into the design process, which drives innovation and lowers product development costs. CD-Adapco simulation tools, led by the flagship product Star-CCM+, allow engineers to discover better designs, faster.
The company is headquartered in Melville, New York, U.S., and has 40 locations worldwide.
CD-Adapco will be integrated into the PLM software business of Siemens’ Digital Factory (DF) Division. DF is the industry leader in automation technology and a leading provider of Product Lifecycle Management (PLM) software. “By adding dvanced 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,” said Anton Huber, CEO of the Digital Factory division.
CD-Adapco will be integrated into the PLM software business of Siemens’ Digital Factory division
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