Effective October 1, 2016, Siemens will set up a separate unit to foster disruptive ideas more vigorously and to accelerate the development of new technologies. The unit’s name, “next47,” plays on the fact that Siemens was founded in 1847.

Siemens has expanded its portfolio of industrial software, acquiring for over $970 m. CD-adapco, a software company that is leading in the Computational Fluid Dynamics (CFD) simulation. The CD-adapco is a global simulation software company for engineering equipment with software solutions that covers a wide range of engineering disciplines such as computational fluid dynamics (CFD), […]