MARYLAND HEIGHTS, MO -- 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.
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.
“Advanced software solutions tailored to specific industry requirements are vital for companies to achieve the next level of performance in their products. This type of industry focus will be the differentiating factor for success in the industry software market”, said Anton S. Huber, CEO of the Siemens Industry Automation Division. “The planned integration of our PLM Software business with Vistagy’s universally acknowledged expertise in industry-specific software, such as composites, will make us the partner of choice in this market today and well into the future.”
Vistagy, Inc., is based in Waltham, Massachusetts, USA. 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. 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.
