Siemens is to acquire CD-adapco for US$970m. CD-adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including CFD, solid mechanics, heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology.
Last fiscal year, CD-adapco had over 900 employees and revenue of close to US$200m with software-typical double digit margins. On average, CD-adapco increased its revenue at constant currencies by more than 12% annually over the past three fiscal years. Siemens expects this business to continue to experience strong growth in the future
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. The vision of our founders will be realized in the integration of these world-class engineering and manufacturing technologies and a business strategy that will allow engineering simulation to impact more products and companies than ever before.”
January 26, 2016
