Siemens to acquire engineering software supplier CD-adapco

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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

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John joined UKi Media & Events in 2012 and has worked across a range of B2B titles within the company's automotive, marine and entertainment divisions. Currently editor of Automotive Testing Technology International, Crash Test Technology International and Electric & Hybrid Marine Technology International, John co-ordinates the day-the-day operations of each magazine, from commissioning and writing to editing and signing-off, as well managing web content. Aside from the magazines, John also serves as co-chairman of the annual Electric & Hybrid Marine Awards and can be found sniffing out stories throughout the halls of several of UKI's industry-leading expo events.

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