Siemens (Munich, Germany) reported its acquisition of VISTAGY Inc. (Waltham, Mass.), a supplier of specialized engineering software and services with emphasis on designing and manufacturing structures made of advanced composite materials. An agreement signed in November 2011 placed VISTAGY within Siemens’ Industry Automation business group, a division of the Siemens Industry Sector. Although the terms of the final agreement weren’t made available, the transaction was finalized in early December.
According to Siemens, the acquisition is part of its effort to add industry-specific engineering software to its industrial software portfolio for Product Lifecycle Management (PLM), available from Siemens PLM Software (Plano, Texas). Siemens claims that the deal makes it the only company worldwide to offer software tools that support the entire value-creation chain for carbon fiber-reinforced composite components, 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,” says Anton Huber, CEO of the Siemens Industry Automation Division. Says Steve Luby, VISTAGY’s president and CEO, “We have been working successfully in partnership with Siemens PLM Software for a long time. And now we are looking forward to becoming a part of Siemens’ comprehensive offerings and to significantly expand our current customer base.”