US firm Aspen Technology acquires German company

Buyout allows engineers to work within a single modelling environment

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Software packages such as aspenONE and SolidSim will enhance engineer collaboration. Picture: Getty
Software packages such as aspenONE and SolidSim will enhance engineer collaboration. Picture: Getty

Aspen Technology, the US owned software and services provider to international process industries, announced on Sunday that it had acquired SolidSim Engineering GmbH, a German software firm.

With offices across the Middle East, the buyout of the of solids process modelling software provider will mean that the existing capabilities of AspenTech’s aspenONE Engineering Software will be further extended.

“The addition of SolidSim will give our customers the ability to model solids, enhancing our solutions. With SolidSim and aspenONE software, customers will be able to model the entire facility as one single model consisting of both solids and non-solids. This will not only expand the opportunities for process optimisation, but will also result in improved engineering work processes and higher productivity of engineering teams,” Mark Fusco, president and CEO of AspenTech, said in a statement.

Although terms of the transaction were not disclosed, both Fusco and Claus Reimers, the co-CEO of SolidSim, said that the combination of the software would allow both process engineers and particle technology engineers to work with a single modelling environment, increasing collaboration and driving increased value from enhanced process optimisation for customers in the chemicals, speciality chemicals, energy and pharmaceutical industries.

“Enhancing collaboration between process engineers and particle technology engineers is essential for process companies today,” said Matthias Pogodda, co-CEO, SolidSim.

Aspen Technology has offices in Abu Dhabi, Oman and Qatar, while Bahrain is the regional headquarters for the firm.

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