Clearwater advises Culgi on its sale to Siemens AG
Clearwater has advised Culgi, the software solutions provider, on its sale to the technology conglomerate, Siemens AG (Siemens).
Founded in 1999 in Leiden, the Netherlands, Culgi provides expertise and software solutions for multiscale chemistry simulation, from quantum chemistry to molecular dynamics. Its products are used by companies to design and analyse new materials in domains such as specialty chemicals, batteries, pharmaceuticals, and cosmetics.
Siemens is a global technology conglomerate which has been active for more than 170 years, with over 295,000 employees worldwide. Culgi will join Siemens Digital Industries, which is focused on digital transformation in the process and discrete industries. The Culgi software will serve as a strategic addition to Siemens PLM software.
With the transaction, Siemens acquires an innovative software company with a focus on multiscale simulations in process industries. The acquisition fits the strategy of Siemens to unlock the full potential of Industry 4.0.
