Industrial product and appliance manufacturer Siemens has agreed to acquire US-based industrial prototyping software developer MultiMechanics for an undisclosed amount, allowing chemicals producer Solvay to exit.
Founded in 2010, MultiMechanics provides software that predicts the performance of engineering prototypes, identifying potential faults from a granular analysis of the materials set to make up the product.
Siemens plans to embed the software into its Siemens Digital Industries Software platform, enabling users to build comprehensive digital twins of manufacturing prototypes.
Solvay’s corporate venturing unit, Solvay Ventures, took part in a $1.9m round for MultiMechanics in 2017 alongside public-private partnership Invest Nebraska and private equity firm Anzu Partners.
Nicolas Cudré Maroux, Solvay’s chief technology officer, said: “We are confident that as part of Siemens, MultiMechanics’ technology can accelerate innovation in, and adoption of, complex materials, including the further penetration of composites in the automotive and aerospace industries.”