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Siemens agrees to buy CD-adapco for $970 million
short by Swarnim Bagre / on Wednesday, 27 January, 2016
Germany-based engineering conglomerate Siemens on Monday agreed to buy software company CD-adapco in a $970 million deal with an aim to strengthen its core industrial business. Established in 1980, CD-adapco, which is best known for its computational fluid dynamics products, makes and distributes applications for computer-aided engineering used to simulate the workings of an engine.
read more at Reuters