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11-11-2011

Siemens: Expansion in Industrial Software

Siemens expands its industrial software portfolio with the acquisition of Vistagy, Inc., Waltham, Massachusetts, USA, a leading supplier of specialized engineering software and services with emphasis on designing and manufacturing structures made of advanced composite materials. An agreement to this effect was signed in early November. 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.

Companies that use composite materials like carbon fiber components in their products are faced with the task of further reducing costs and time-to-market in order to sharpen the competitive edge composites offer. 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.

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