![]() 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. Simulation software is key to enabling customers to bring better products to the market faster and at less cost. “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. CD-adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including Computational Fluid Dynamics (CFD), Computational. Siemens expects this business to continue to experience strong growth in the future. Siemenss deal with CD-adapco could be announced as early as Monday, the person said, asking not to be identified because the agreement is not yet public. Siemens AG (Munich, Germany) has entered into a stock purchase agreement for the acquisition of CD-adapco (Melville, NY). ![]() On average, CD-adapco increased its revenue at constant currencies by more than 12 percent annually over the past three fiscal years. Last fiscal year, CD-adapco had over 900 employees and revenue of close to $200 million with software-typical double digit margins. It directly aligns with our vision of predictive engineering. The purchase price is $970 million.ĬD-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. Jan Leuridan, Senior Vice President, Simulation and Test Solutions, Siemens PLM Software. ![]() Siemens and CD-adapco have entered into a stock purchase agreement for the acquisition of CD-adapco by Siemens. Siemens, the University of Cincinnati join hands.Siemens Simcenter comes with predictive analytics.
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