German company
ModuleWorks, a leading innovator in toolpath generation and simulation technology for digital manufacturing, has announced 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 maximise the return on their capital investments. Both Celeritive and ModuleWorks have been strategic partners to many of the world’s leading manufacturing organisations for many years, and by combining their strengths, these organisations 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 and help to reinforce ModuleWorks’ position as a global leader in the provision of toolpath and simulation components for digital manufacturing systems.
Dr Yavuz Murtezaoglu, ModuleWorks founder and managing director of ModuleWorks, said: “This strategic acquisition aligns perfectly with our vision of being at the forefront of our industry. We are enthusiastic about the opportunities this integration presents and are committed to a seamless transition that maximises the benefits for our partners, employees and stakeholders.”
Terry Sorensen, founder and CEO of Celeritive Technologies, added: “Uniting Celeritive and ModuleWorks will bring tremendous value to our joint customers worldwide. 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.”