MUMBAI, India, Aug 28, 2020 – The Board of Directors of Siemens Limited has approved the sale and transfer of its Mechanical Drives (MD) business for a consideration of Rs. 4,400 million (Indian Rupees Four Thousand Four Hundred million) to Flender Drives Private Limited (a subsidiary of Flender GmbH, which in turn is a subsidiary of Siemens AG ), subject to adjustment for the change in net current assets and capital expenditure, subsequent to June 30, 2020 up to the date of actual transfer of the MD business. The consideration has been arrived at on the basis of an independent valuation, recommended by the Committee of Directors and the Audit committee.

The sale and transfer of MD business is as going concern and on a slump sale basis, with effect from January 1, 2021. The same is subject to receipt of requisite statutory and regulatory approvals, as applicable.

Invitation

VITORIA-GASTEIZ, Spain, Aug 27, 2020 – Lantek, a leading multinational in the development and sale of CAD/CAM, MES, ERP software and a pioneer in the digital transformation of sheet metal and structural steel manufacturing has consolidated its leadership in the national and international market. This is reflected by the increase of over 1,100 new clients in their portfolio in the first half of 2020.

The growth is a new milestone for Lantek, reaching a total of 24,800 clients. This is a remarkable achievement considering it happened in such a complicated period marked by the COVID-19 pandemic and the strict measures taken by many countries to combat it. Productive activity in the metal transformation industry has been paralyzed or, at best, slowed down.

“We’re incredibly pleased with the market’s response to our new version, Lantek v2020. We appreciate the trust our clients put in us to grant their businesses continuity and make progress in their digital transformation,” explains Juan José Colás, Sales and Marketing Manager at Lantek. “We mustn’t forget that these results are the fruit of the effort made by the vast Lantek family. Both employees and partners have proven their professionalism and full cooperation adapting to the exceptional circumstances imposed by the pandemic.”

The regions with the greatest client growth in the first half of the year include China and Korea; followed by Europe, where countries in Northern and Eastern Europe have played a special role. Western Europe has maintained robust growth, especially in the last two months. In America, Lantek has also added new clients with significant solutions and projects.

Lantek at full capacity

Following the impact of the coronavirus, uncertainty has conquered the market in general, and the metal sector is no exception. Faced with this situation and the conditions imposed by the “new normal”, Lantek is providing its clients with solutions the best way it knows how: adapting so that activity never stops, and production keeps increasing. “Never stop” is the tagline of the recent launch of Lantek v2020. It highlights the company’s commitment to its clients, offering to accompany them throughout their activity so that it never stops.

Considering the growing popularity of working remotely, Lantek has followed the trend allowing both its workers and its clients to keep operating and connecting from anywhere. The new 2020 version is ready to operate in various virtualization scenarios. The technical and commercial office employees of Lantek clients can keep using Lantek products remotely, thanks to the innovations included in the Lantek 360º cloud pl

About Lantek Sheet Metal Solutions

Lantek is a multinational leading the digital transformation of companies in the sheet metal and metal industry. With its patented smart manufacturing software, it enables factories to be connected, turning them into Smart Factories. It rounds off its range of services with CAD, CAM, MES, and ERP solutions for companies that manufacture metal parts from sheet metal, tubes, and profiles using any cutting technology (laser, plasma, oxycut, waterjet, shearing and punching). Lantek’s U.S. Headquarters are in Mason, OH.

Founded in 1986 in the Basque Country (Spain), one of the main European hubs of machine tool development, Lantek enables the integration of sheet metal and metal processing technologies using the most advanced manufacturing management software. The company is currently the outstanding leader in its sector thanks to its capacity for innovation and commitment to internationalization. With more than 23,700 customers in over 100 countries and 20 offices in 14 countries, it has an extensive network of distributors with an international presence. In 2019, its international business contributed to 86% of its revenue. For more information, visit https://www.lantek.com.

LONDON, UK and SAN LEANDRO, CA, USA, Aug 27, 2020 – AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and data management to help customers in industrial and essential organizations accelerate their digital transformational strategies as efficiency, flexibility, sustainability and resilience become increasingly urgent requirements for customers.

OSIsoft’s data management software will complement AVEVA’s comprehensive end-to-end engineering, operations, and performance offerings. Integrating OSIsoft’s PI System into AVEVA’s comprehensive software portfolio will create an integrated data foundation that can drive big data, Cloud and AI-driven insights to create meaningful business outcomes for customers. This combination enables AVEVA to grow and diversify the industries it serves as well as continue to expand its footprint in existing and new markets and geographies.

Together, AVEVA and OSIsoft can provide full-stack solutions that span edge, plant, and enterprise deployment models, strengthening AVEVA’s position as a global leader in industrial software. With a combined 93 years of operating expertise and experience, they share a history of meeting the rapidly changing and evolving needs of their industrial customers, built on foundations of customer centricity and world-class talent. In addition to sharing a complementary solutions portfolio, this transaction further validates AVEVA’s leading position in digitization and IIoT.

OSIsoft’s PI System enables customers to collect, normalize, store, and stream real-time, high-fidelity operational data to applications, analytics, and AI and ML platforms. PI System acts as a single system of record for operations data, designed for massive cloud-enabled scale and data sharing across enterprises, and enables insightful operations decision making. OSIsoft works with over 1,000 of the world’s leading power and utilities companies, 38 of the Global Fortune Top 40 oil and gas companies, all of the Global Fortune Top 10 metals and mining companies, 37 out of 50 of the world’s largest chemical and petrochemical companies and 9 out of 10 of the Global Fortune Top 10 pharmaceutical companies.

Building Stakeholder Value and Improving Sustainability

The complementary product offerings of AVEVA and OSIsoft will allow the combined company to continue to generate significant value for its stakeholders by creating new opportunities for innovation using new and emerging technologies. The two product suites are open and interoperable, and many customers leverage both solution sets today. As a combined entity, AVEVA and OSIsoft can further deliver on their sustainability goals, driving significant benefits and value for their customers. With broader, deeper scale and scope to lead the digital transformation of the industrial sector, the combined company will drive greater efficiencies and sustainability for many diverse essential industries, including consumer packaged goods (CPG), pharmaceutical, water and wastewater, and utilities, creating strengthened product offerings.

Commenting on the agreement, Craig Hayman, CEO of AVEVA, said: “Combining AVEVA and OSIsoft is yet another significant milestone in our journey to achieving the ambitious growth goals that we have set. This will not only help us serve existing customers better but also open the flood gates to new opportunities which will accelerate the delivery of our digitization vision. Data has been enabling organizations to more effectively determine the cause of problems by allowing them to visualize what is happening in different locations, departments and systems.  This agreement will enable our customers to improve business processes as well as eliminate inefficiencies. We are extremely proud to be moving into the next chapter with an even stronger solutions portfolio as well as an ever-increasing and robust customer base which continues to make us leaders in our sector.”

OSIsoft founder and CEO Dr. J. Patrick Kennedy added: “Joining forces with AVEVA enhances and extends our ability to deliver on our key commitments to our customers, partners and employees. Together we will be better able to service the largest digital transformation projects in history, including across industry 4.0+ and IIoT. AVEVA’s interest in OSIsoft is a testament to our talented team, and the extraordinary value of the PI System as the real-time streaming data infrastructure that powers the industrial world. Today’s announcement is the culmination of a thoughtful search for a respected organization that would mesh with our own strong mission- and customer-driven culture.  The next chapter in PI’s fifth decade will be exciting for our employees and customers, and I look forward to my continued involvement in my new role as the largest individual shareholder in the combined company and as Chairman Emeritus to ensure we realize the full benefits of this transaction.”

About AVEVA

AVEVA is a global leader in engineering and industrial software driving digital transformation across the entire asset and operations life cycle of capital-intensive industries. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers across the globe. Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. For more details visit: https://www.aveva.com/en/

About OSIsoft

For 40 years, the world’s most essential and complex industries have relied on OSIsoft to manage the lifeblood of the industrial enterprise: operational data. OSIsoft’s market-leading PI System is the proven system of record for operational data in essential industries: power generation and utilities, water, oil and gas, mining, manufacturing, pharmaceutical, facilities, transportation, and more. Every day, industrial professionals in 127 countries rely on PI System to improve operational performance, protect health and safety, keep the lights on, and make the world run more smoothly. Learn why two-thirds of Global Fortune 500 industrial organizations choose PI System at www.osisoft.com

AUGSBURG, Germany, Aug 27, 2020 – CADENAS GmbH, a software specialist for digital CAD product catalogs, is pleased to announce that its relocation of the Augsburg headquarters is complete: Within a week, the software manufacturer CADENAS has succeeded in moving its headquarters and the 120 members of its international team of 380 employees to the “cenTron” office complex in the north of Augsburg. The ultra-modern offices now offer space for additional employees on almost 3,700 m² and 2 floors.” The whole relocation project has kept us busy since last year. Thanks to the excellent preparation and well-structured organization, we were able to complete the relocation within a week, smoothly and without interruption of business operations. This was a great team achievement,” says Jürgen Heimbach, managing director and founder of CADENAS GmbH.

Modern office building in the north of Augsburg, as basis for continuing growth of the international software specialist with its solutions for construction, engineering and architecture

New building offers room for further growth

PITTSBURGH, PA, USA, Aug 27, 2020 – Ansys (NASDAQ: ANSS) achieved certification of its advanced semiconductor design solution for TSMC’s high-speed CoWoS with silicon interposer (CoWoS-S) and InFO with RDL interconnect (InFO-R) advanced packaging technologies. This empowers customers to signoff power, signal integrity and analyze the impact of thermal effects to confirm the reliability of complete, integrated 2.5D and 3D silicon systems.

An Nvidia chip showcasing multi-die integration. (Image courtesy of NVIDIA)

TSMC certifies the Ansys RedHawk and Ansys RaptorH family of multiphysics solutions – including Ansys Redhawk-SC Electrothermal – for next-generation CoWoS-S and InFO-R advanced packaging technologies. The certification encompasses die and package co-simulation and co-analysis for extraction, power and signal integrity analysis, power and signal electromigration (EM) analysis and thermal analysis. This comprehensive suite of power, thermal, signal integrity and EM analysis tools will help simulate, calculate and alleviate reliability issues, enabling optimal electrical performance.

“The result of our collaboration combining Ansys’ multiphysics solutions and TSMC’s CoWoS and InFO advanced packaging technologies helps our mutual customers address their design complexity and challenges,” said Suk Lee, senior director of the Design Infrastructure Management Division at TSMC. “Through our ongoing partnership with Ansys, customers can improve and validate their cutting-edge designs to satisfy stringent performance and reliability standards.”

“To meet demanding reliability requirements for Wi-Fi systems, 5G mobile devices and high-speed wireless components, customers require a comprehensive multiphysics simulation solution that addresses power, reliability, and thermal issues across the entire chip, package and system,” said John Lee, vice president and general manager, Ansys. “Collaborating with TSMC, our mutual customers will circumvent these challenges, enable first-time design success and expedite time to market with our leading-edge multiphysics simulation platform.”

About Ansys

If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you’ve used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.

TROY, MI, USA, Aug 26, 2020 – Altair (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing (HPC), and data analytics, has joined the Avicenna Alliance, an international consortium committed to the use of simulation to enable faster and more efficient development of new medicine and healthcare solutions.

(Image Courtesy: Altair Inc. )

“It’s time to take healthcare development into the digital age. We are excited about the opportunity to make a positive contribution to the work of the Avicenna Alliance, which offers the prospect of more affordable, effective, and efficient delivery of new diagnostics, medicines, and medical devices,” said James Scapa, founder and chief executive officer of Altair.

Traditionally, development of new medicines and medical devices has involved extensive testing on people, and often included major investments in products that ultimately fail. Even when successful, the process is lengthy and expensive. In contrast, computer-based simulation facilitates intelligent use of historical data and early identification of the efficacy of proposed treatments. In addition, as a result of the work done by Altair and other members of the Avicenna Alliance, the ethical and logistical challenges of testing experimental drugs on large numbers of people are minimized or eliminated.

Established in 2016, the alliance brings together stakeholders in industry, government, and academia to promote the benefits of ‘in silico’ medicine to overcome the prohibitive costs and delays often associated with conventional pharmaceutical trials, testing, and medical device development.

Altair will bring its expertise and experience in advanced simulation and data analytics to the pioneering work of the Avicenna Alliance. Notably, this includes promoting governments worldwide to recognize and support ‘in silico’ medicine, and seeking to establish a common, standardized framework for this compelling approach to healthcare delivery.

“The need for faster development of innovative healthcare solutions has never been more apparent. We warmly welcome Altair as a new member of the Avicenna Alliance,” said Thierry Marchal, Secretary General of the Avicenna Alliance. “In particular, we look forward to the valuable insight Altair can offer in terms of applying advanced simulation and data analytics to rapidly resolve the most complex scientific challenges.”

More information about the Avicenna Alliance can be found at: www.avicenna-alliance.com.

About Altair (Nasdaq: ALTR)

Altair is a global technology company that provides software and cloud solutions in the areas of product development, high performance computing (HPC) and data analytics. Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future. To learn more, please visit www.altair.com.

PITTSBURGH, PA, USA, Aug 26, 2020 – Ansys (NASDAQ: ANSS) achieved certification of its state-of-the-art multiphysics signoff solution for TSMC’s most advanced 3nm process technology. This enables mutual customers to satisfy key power, thermal and reliability requirements for the world’s largest AI/ML, 5G, HPC, networking and autonomous vehicle chips.

12-inch wafer being processed

Achieving power integrity and electromigration (EM) reliability for 3nm process technology remains a challenging signoff milestone. Traditional discrete EM and voltage-drop methodologies are no longer sufficient for signoff of the 3nm process, which integrates billions of transistors and delivers tremendous power and performance on a single die. 3nm requires a comprehensive power integrity, thermal integrity, and reliability analysis platform that Ansys delivers with Ansys RedHawk-SC and Ansys Totem.

The certification of RedHawk-SC for TSMC N3 process encompasses power network extraction, power integrity and reliability, signal EM, thermal reliability analysis for self-heat, thermal-aware EM and statistical EM budgeting. Redhawk-SC will analyze huge 3nm network designs by leveraging the elastic compute, big-data analytics and high capacity of its underlying Ansys SeaScape infrastructure. Totem is similarly certified for transistor-level custom designs.

“We’re pleased with the result of our latest collaboration with Ansys in providing multiphysics design solutions on TSMC’s most advanced 3nm process technology to help our mutual customers address the design complexity and technical challenges,” said Suk Lee, Senior Director of the Design Infrastructure Management Division at TSMC. “This joint effort combining Ansys’ cutting-edge solution and TSMC’s advanced process helps our customers unleash their silicon innovations for next-generation 3nm chipsets that will power many applications.”

“The latest certification continues Ansys’ close collaboration with TSMC to pioneer solutions for our joint customers,” said John Lee, vice president and general manager, Ansys. “Ansys’ broad range of multiphysics simulation and analysis technologies — from chip-level to system-level — makes us ideally placed to enable larger designs with lower power requirements for AI/ML, 5G, HPC, networking and image processing applications.”

About Ansys

If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you’ve used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.