Owners
CD-adapco — the large developer of automated design engineering systems who specializes in computing gas dynamics. Flagship products of the company — the software for simulation modeling of STAR-CCM+ and STAR-CD.
By CD-adapco it is founded in 1980, its headquarters is in New York.
Assets
By the beginning of 2016 the company has 50 offices worldwide at which about 900 people work.
Business in Russia
The official representative of CD-adapco in Russia is "the Sarov Engineering Center".
History
2016: The company is sold to Siemens for $1 billion
On January 25, 2016 the Siemens corporation announced purchase of CD-adapco almost for $1 billion. Due to this acquisition the German industrial corporation intends to strengthen the positions in the market of software tools and services in product lifecycle management (PLM).
The cost of the transaction was $970 million that corresponds to about five indicators of annual revenues of CD-adapco. For comparison, the main competitor of the company in the market of software for simulation of internal processes of engines — Ansys — is estimated at the exchange approximately at nine indicators of 12-month revenue by the end of January, 2016, counted in Thomson Reuters.
As the managing board member of Siemens Claus Helmrikh (Klaus Helmrich) reported, within merger of CD-adapco the German company "focuses attention on growth of digital business and expansion of a portfolio of industrial software".
After closing of the transaction CD-adapco will join the division of Siemens Digital Factory specializing in development of industrial software and the equipment for industrial automation. This structure is the most profitable at the European giant, notes the Bloomberg agency.[1]
Acquisition of CD-adapco became the second in value in the market of PLM software for Siemens. The largest transaction is purchase of USG company for $3.5 billion in 2007. Since that moment of Siemens absorbed several developers in this area, including four companies in 2012.
Notes
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