Siemens Acquires US Based MultiMechanics

siemensGlobal technology company Siemens acquired MultiMechanics, a Omaha, Nebraska-based material modeling and simulation software company.

The amount of the deal was not disclosed.

Founded in 2010 and led by Leandro Castro, Chief Executive Officer, MultiMechanics develops MultiMech, a material modeling and simulation software tool that allows companies to accelerate the product development lifecycle by virtually predicting failure in advanced materials at an unprecedented level of speed and accuracy.

Following the close of the deal, MultiMechanics will be integrated into Siemens Digital Industries Software, and its software platform incorporated into Siemens’ Simcenterâ„¢ software, within its Xcelerator portfolio, implementing materials engineering into the digital workflow and establishing a strong connection between material developers, manufacturing process developers and part designers.

MultiMechanics was backed by Anzu Partners and Solvay Ventures.

FinSMEs

26/11/2019

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