"Simulation software is key to enabling customers to bring better products to the market faster and at less cost. “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. Siemens expects this business to continue to experience strong growth in the future. Siemens and CD-adapco have entered into a stock purchase agreement for the acquisition of CD-adapco by Siemens with a reported purchase price of $970 million.ĬD-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.
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