It has made a series of acquisitions in the area since then, including four in 2012 alone. PLM software is designed to manage the entire lifecycle of a product from conception through to service or disposal, helping companies to speed up development and cut costs.ĬD-adapco is Siemens' biggest PLM software firm acquisition since it got into the business by buying Texas-based UGS for $3.5 billion in 2007. In thisvolume, the focus is on the structure of the system itself and how to use it.
"Post the move into PLM software, this looks to be a logical extension to the Digital Factory portfolio in our view," Barclays analysts wrote in a note. The Methodology volume presents the mathematical modelling practices embodiedin the STAR-CD system and the numerical solution procedures employed. Its main competitor in engine simulation software is Ansys Inc (ANSS.O), which trades at about 9 times trailing 12-month sales, according to Thomson Reuters Data. Reuters reported on Sunday that Siemens had agreed to buy the privately held company for close to $1 billion.Įstablished in 1980 and still controlled by its founders, CD-adapco has 900 employees in 50 offices and had $200 million in annual revenue and an annual growth rate of 15 percent for the past five years, according to its website.
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