Thursday, June 13, 2024

ModuleWorks Acquires Celeritive Technologies, Developer of VoluMill

AACHEN, Germany, May 27, 2024 – ModuleWorks, a leading innovator in toolpath generation and simulation technology for digital manufacturing, announces the acquisition of Celeritive Technologies, Inc., the developer of VoluMill.

Through dramatically reduced cycle times and cutting tool costs, VoluMill helps manufacturers become more profitable, flexible and competitive, and maximize the return on their capital investments.

Both Celeritive and ModuleWorks have been strategic partners to many of the world’s leading manufacturing organizations for many years. By combining the strengths of both companies, these organizations will benefit from many natural synergies, covering everything from technology to sales and support. It is expected that this will enable more technology to be made available to both sets of customers in the near future. This will help to reinforce ModuleWorks’ position as a global leader in the provision of toolpath and simulation components for digital manufacturing systems.

“This strategic acquisition aligns perfectly with our vision of being at the forefront of our industry,” said Dr. Yavuz Murtezaoglu, Founder and Managing Director of ModuleWorks. “We are enthusiastic about the opportunities this integration presents and are committed to a seamless transition that maximizes the benefits for our partners, employees and stakeholders.”

“Uniting Celeritive and ModuleWorks will bring tremendous value to our joint customers worldwide,” said Terry Sorensen, Founder and CEO of Celeritive Technologies. “The combination of ModuleWorks and Celeritive will provide truly comprehensive development capabilities, allowing us to deliver a broader range of solutions across the entire digital manufacturing spectrum.”

About ModuleWorks

ModuleWorks is at the forefront of manufacturing software, playing a key role in enabling the efficient production of increasingly complex parts in an environmentally sustainable way. As a strategic partner to leading CAD/CAM vendors, CNC control makers, machine tool builders and cutting tool manufacturers, ModuleWorks develops software that powers solutions throughout the manufacturing industry which contributes to 16% of global GDP worth $16 trillion per year. Founded in 2003, ModuleWorks has grown to over 200 employees and already invested 1,700 person-years of software development in toolpath and simulation technologies that form the core of manufacturing processes. In the CAD/CAM area alone, ModuleWorks has a market share of 90%, enhancing the performance and quality of over 500,000 installed seats of CAD/CAM and CNC software worldwide. With a comprehensive portfolio of cutting-edge software components and the capacity to address emerging and niche technologies like AI, cloud, automation, additive, robotics and digital dentistry, ModuleWorks is committed to shaping the future of digital manufacturing with its partners, empowering the industry to Get There Faster.

About Celeritive

Celeritive Technologies, the developer of VoluMill, is the world’s leading innovator of platform independent, science-based toolpaths for the manufacturing industry. Celeritive develops and markets economical and simple-to-implement toolpath technology that enables CNC machine tools and cutting tools to operate at peak performance. Through dramatically reduced cycle times and cutting tool costs, manufacturers become more profitable, flexible, competitive, and maximize the return on their capital investments. Located in Moorpark, California, Celeritive Technologies was founded by industry-leading experts in machining, programming and software development.

Nitin Patil
Nitin Patil
Editor and Director of Content, DailyCADCAM.com. Nitin completed his Master's in Mass Communication & Journalism and having 13 years of work experience as an editor, content writer with renowned international technical magazines and media companies. He is associated with CAD,CAM industry since 2008.
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