Closing of the transaction is subject to customary conditions and is expected in the second half of fiscal year 2016. CD-adapco will be integrated into the PLM software business of Siemens’ digital factory (DF) division. Siemens expects synergy impact on EBIT to be in the mid-double-digit million range within five years of closing, mainly from revenue. Headquartered in Melville, New York, CD-adapco has 40 locations worldwide. “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.” “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,” said Klaus Helmrich, member of the managing board of Siemens. The Digital Twin Jointly developed for the process industry by Siemens and Bentley Systems, PlantSight is an open, cloud-based solution that makes it possible to collect, connect, contextualize, validate and make use of all existing plant data. Siemens expects this business to continue to experience strong growth in the future. On average, CD-adapco increased its revenue at constant currencies by more than 12 percent annually over the past three fiscal years. 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 with software-typical double digit margins. Siemens announced that it will acquire global engineering simulation company CD-adapco, via a stock purchase agreement, for $970 million.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |