Siemens to acquire Vistagy
This acquisition allows Industry Automation, a Division of the Siemens Industry Sector, to continue to enhance its position as the world’s leading supplier of industrial software. The parties agreed not to disclose the terms of the acquisition. The transaction is subject to customary approvals, and is expected to close before the end of 2011.
Recent years have seen a number of acquisitions by the Siemens Industry Automation Division, in each case involving leaders in their respective field of industrial software: UGS in the United States (2007), Innotec in Germany (2008), Elan Software Systems in France (2009) and Active SA in Brazil (2011).
Composite materials like carbon fiber components are already used extensively in the aerospace industry and for rotor blades of wind power turbines. They will continue to experience more widespread use, primarily in the automotive and marine industries. Already today, Siemens is among the technology leaders for the automation of production lines for carbon fiber components. With the acquisition of Vistagy, Siemens will become the only company worldwide to support the whole value creation for carbon fiber components with its software tools – from product definition and development to manufacturing and service.
“Advanced software solutions tailored to specific industry requirements are vital for companies to achieve the next level of performance in their products. This type of industry focus will be the differentiating factor for success in the industry software market”, said Anton S. Huber, CEO of the Siemens Industry Automation Division. “The planned integration of our PLM Software business with Vistagy’s universally acknowledged expertise in industry-specific software, such as composites, will make us the partner of choice in this market today and well into the future.”
Vistagy is a leading international supplier of specialized engineering software and services with emphasis on designing and manufacturing structures made of advanced composite materials. The company is based in Waltham, Massachusetts, USA, with around 300 customers worldwide applying its software products.
Source: Siemens Industry Sector