Siemens to acquire CD-adapco for $970m

Siemens has announced that it will acquire DC-adapco for $970million. CD-adapco is a global engineering simulation company with software solutions covering engineering disciplines including Computational Fluid Dynamics (CFD), Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology.

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.”

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’s software is currently 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.

CD-adapco CEO and president, Sharron MacDonald said, “I am pleased for both the employees and the customers of CD-adapco. The opportunities that come with the acquisition by Siemens are endless.”

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 advanced engineering simulation tools such as CFD to our portfolio and experienced experts in the field to our organisation, we’re greatly enhancing our core competencies for model-based simulation that creates a very precise digital twin of the product,” explained Anton Huber, CEO of the Digital Factory Division.