Industrial software
Siemens takes over CD-Adapco
Siemens is buying the US software company CD-Adapco for around USD 970 million and integrating it into the PLM software business of its Digital Factory division. Siemens is thus further expanding its portfolio in the field of industrial software.
"Simulation software is critical to bringing better products to market faster and more cost-effectively," said Klaus Helmrich, member of the Siemens Managing Board, on the acquisition of the company. CD-Adapco is a global simulation software company with a unique vision for Multidisciplinary Design eXploration (MDX), as Siemens emphasizes. This simulation software enables a particularly reliable flow of information in the design process, which drives innovation and reduces production costs. Simulation tools from CD-Adapco - in particular the 'Star-CCM+' product - enable engineers to develop better designs faster. CD-Adapco currently has over 3,200 customers worldwide. The software is currently used by 14 of the 15 largest automotive manufacturers, the top 10 suppliers to the aerospace industry and nine of the ten largest manufacturers in the energy and marine sectors. According to Siemens, the company's solutions cover a broad spectrum of engineering disciplines such as fluid dynamics (CFD), solid mechanics (CSM), heat transfer, particle dynamics, material throughput, electrochemistry and acoustics.
CD-Adapco is headquartered in Melville, New York, USA. It was founded in 1980 and had over 900 employees in the last financial year. Its turnover was around 200 million US dollars with double-digit margins, which is typical for the software industry. Over the past three financial years, the company has increased its turnover by an average of more than 12% annually.
You might also be interested in
Siemens PLM and Hewlett Packard
3D printing for production
Together with Hewlett Packard (HP), Siemens PLM wants to advance 3D printing - from pure prototyping to a complete process for industrial production.
read more...Strong start to the new financial year
Siemens has announced its figures for the first quarter of the new fiscal year: Order intake rose to €22.8 billion - an increase of 22% when adjusted for currency translation effects. The order backlog thus reached a new record level.
read more...Siemens honors 'Inventor of the Year 2015'
Siemens submitted over 7,600 inventions and 3,700 patents in fiscal year 2015. Nine particularly resourceful researchers were also involved in this, who the industrial group recently named 'Inventor of the Year 2015'.
read more...Siemens steigert Investitionen um 300 Mio. Euro
Siemens will kräftig investieren: Im laufenden Geschäftsjahr 2016 sollen rund 4,8 Mrd. Euro in Forschung und Entwicklung fließen – rund 300 Mio. Euro mehr als im vergangenen Geschäftsjahr. Mit einer neuen Einheit will das Unternehmen zudem ein...
read more...Siemens and UL Solutions digitize certification process
For the first time, an industrial product was certified for the USA after some of the required tests were digitally simulated and the results confirmed by physical tests. This was made possible with the help of the digital twin.
read more...Strong finish to the 2023 financial year
According to Siemens, revenue and order intake increased by 10% and 6% respectively on a comparable basis in the fourth quarter of 2023. In the Industrial Business, Siemens recorded its highest earnings and profitability figures ever.
read more...Security test suite for industrial networks
Siemens has expanded its industrial cybersecurity portfolio by launching an all-in-one security test suite for industrial communication networks.
read more...Innomotics launches as a Siemens subsidiary
Siemens is bundling its range of motor and large drive systems under the name Innomotics. The company was launched in Germany on July 1, 2023 as a wholly owned Siemens subsidiary.
read more...Cooperation expanded
Prostep and Siemens Digital Industries Software have expanded their collaboration: Now the Siemens software Polarion ALM and Teamcenter Manufacturing from the Siemens Xcelerator portfolio can also be connected to Prostep's OpenPDM integration...
read more...