- Jay McNally, Founder and CEO, Ibis Consulting
Mirus Advises Vistagy On Sale to Siemens
Location: Boston, MA
Date: Dec 2011
NUREMBERG (Germany) - On December 6, 2011, Siemens closed its acquisition of Vistagy, Inc., a leading supplier of specialized engineering software and services with emphasis on designing and manufacturing structures made of advanced composite materials. The Vistagy workforce and product line will now become a business segment within the Siemens PLM Software business unit and will continue to provide the same level of support and expertise that the customer base has come to expect.
“This is the start of an exciting new chapter for Vistagy and Siemens; one that will benefit both our customers and the global PLM industry,” said Steve Luby, president and CEO, Vistagy, Inc. “Our solutions are a perfect complement to the Siemens PLM Software product line and with the talent and resources of Siemens behind us, we look forward to further enhancing the value we have been delivering to customers for the past 20 years.”
With their unique combination of low-weight, high-strength, and remarkable durability, composite structures are already used extensively in the aerospace and wind power industries, and their use is growing rapidly in other industries such as automotive and marine. Siemens is among the technology leaders in the automation of production lines for carbon fiber components, and with the acquisition of Vistagy, becomes the world’s only company with software tools that support the whole value creation process for these components – from product definition and development to manufacturing and service.
“We welcome the Vistagy team and all Vistagy customers to the Siemens PLM Software family,” said Chuck Grindstaff, president and CEO, Siemens PLM Software. “The Vistagy product line is an excellent complement to our existing product family and includes a variety of open software solutions that operate seamlessly on a mix of IT and CAD platforms. In addition to composites engineering, the Vistagy product family includes applications for the complete development and quality planning of aerostructures, airframe design and assembly, and the design and manufacture of seating systems and interior components. We are delighted to now begin the important tasks of ensuring a smooth transition for Vistagy employees and customers into our organization, and completing the seamless integration of Vistagy software and services into our comprehensive suite of PLM offerings.”
For more information about the Vistagy acquisition and product line, please visit (www.siemens.com/plm/vistagy)
Mirus Capital Advisors (www.merger.com) provides investment banking solutions to corporate clients in technology, business services, manufacturing and distribution. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations.