News Details
Siemens set to buy CFD supplier CD-adapco
Siemens and CD-adapco have entered into a stock purchase agreement for the acquisition of CD-adapco by Siemens for the amount of $970 million. CD-adapco is widely known for its Fluid Dynamics and Solid Mechanics software widely used among Formula One teams. CD-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. Last fiscal year, CD-adapco had over 900 employees and revenue of close to $200 million with software-typical double digit margins. On average, CD-adapco increased its...
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