This week Siemens announced that it was hitching a new car to its acquisition train: CD-adapco. With a purchase price $970 million, CD-adapco is a global engineering simulation company with software that covers a wide range of engineering disciplines including fluid dynamics, solid mechanics, heat transfer, particle dynamics, reactant flow, electrochemistry, and acoustics. It is probably best known for its combustion engine simulation capabilities.
Established in 1980 and still controlled by its founders, the company has about 900 employees and approximately $200 million in annual revenue and an annual growth rate of 15 percent for the past five years, according to its website. Its main competitor in engine simulation software is Ansys.