The industrial group Siemens strengthens with an acquisition of the software: For 970 million US dollars Siemens swallows the simulation software vendors CD-adapco. “As part of the Vision 2020 Siemens drives with the takeover of CD-adapco’s growth in the digital business forward,” said board member Klaus Helmrich on Monday evening in Munich. The acquisition is expected to close in the second half of the fiscal year.
CD-adapco is headquartered in Melville in the US state of New York. The software company posted reportedly last with just over 900 employees and annual sales of nearly $ 200 million. The software will use, among others, 14 of the 15 largest carmaker and is also widely used in the aerospace industry and in the energy sector, it said.
Siemens has also in the evening before the AGM surprising its forecast for the current fiscal year increased. Thanks to an order boom during the past quarter, the annual result of between six and 6.40 euros per share will be, the group said on Monday. To date, the Munich had gone up to 6.20 euros per share. Based on the current number of shares Siemens CEO Joe Kaeser thus promises an annual profit of up to 5.6 billion euros, almost 200 million euros more than in the past.
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He sees himself with his return strategy for 2020 confirmed: “We have delivered a strong quarter and with the implementation of our Vision 2020 on track Away. Therefore, we raise the profit forecast for the 2016 financial year, although the macroeconomic and geopolitical developments of our markets continue to weigh, “he explained. Siemens continues to focus on developing its markets “as well as strengthening our innovative power”. In the first fiscal quarter (end of December) recorded Siemens significantly more orders and earned far more than analysts expected. Net income climbed within a year by almost half to 1.6 billion euros. New orders soared thanks to several major orders by almost a quarter to 22.8 billion euros upwards. Thus Siemens outperformed as the archrival GE. Sales of the Munich climbed by eight percent to 18.9 billion euros.
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