Siemens To Acquire Vistagy
Siemens is expanding its industrial software portfolio with the acquisition of Vistagy Inc., a supplier of specialized engineering software and services with emphasis on designing and manufacturing structures made of advanced composite materials. The agreement was signed in early November. 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 the year.
Siemens is planning to integrate the software supplier and its products, services and support into its PLM Software Business Unit, a part of the Siemens Industry Automation Division. 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.
With the combination of low weight, high strength and durability, composite structures are already used extensively in the aerospace industry and for rotor blades of wind power turbines, and will continue to gain more widespread use in areas like the automotive and marine industries, Siemens said.
Vistagy is based in Waltham, Massachusetts, U.S.A. Around 300 customers worldwide are applying Vistagy’s software products for a variety of applications ranging from composites engineering and design and manufacture of complex assemblies and large aerostructures to design and manufacture of transportation seat systems and interior components.
For more information: www.siemens.com