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Siemens to Acquire CD-adapco

siemensToday Siemens AG in Germany announced plans Monday to acquire HPC software maker CD-adapco in a stock purchase agreement valued at $970 million. “As part of its Vision 2020, Siemens is acquiring CD-adapco and sharpening its focus on growth in digital business and expanding its portfolio in the area of industry software,” said Siemens managing board member Klaus Helmrich.