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Comment Business & Economics

Siemens to acquire Vistagy  

By Gerald Ondrey |

Siemens AG (Munich, Germany; www.siemens.com) expands its industrial software portfolio with the acquisition of Vistagy, Inc. (Waltham, Mass.), 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.  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 their unique 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. Composite materials will continue to experience more widespread use – primarily in the automotive and marine industries…
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