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Siemens Acquires FORAN Software to Expand Capabilities in Marine Design and Engineering
Thursday 22 July 2021

German conglomerate Siemens' (OTC: SIEGY) Siemens Digital Industries Software has signed an agreement with Spain-based engineering and technology company SENER to acquire its FORAN software business, the company said.

FORAN is CAD/CAE/CAM software for the design, construction and engineering of vessels and marine structures.

The addition of the FORAN product and team to Siemens, together with its customer portfolio, brings experience and comprehensive know-how across complex commercial marine projects, defense industry standards and regulation compliance.

SENER Group will keep and strengthen its traditional marine engineering business line, where it offers design, engineering and consultancy services for different types of ships and offshore vessels.

FORAN will be added to Siemens' Xcelerator portfolio, offering a comprehensive and integrated portfolio of software and services that covers all aspects of the ship lifecycle, from concept design through production to operations and optimized service lifecycle management.

In TODAY's race towards sustainable shipping, shipyards need to innovate faster and deliver greener ships that comply with strict safety and environmental regulations.

As the resulting complexity in marine design and build reaches unprecedented levels, risks and inefficiencies in the current design and manufacturing process need to be minimized.

Software is critical to optimize this process, cut costs and increase productivity without compromising quality.

Siemens' acquisition of FORAN is due to close in the fourth quarter of calendar year 2021. Terms of the transaction are not disclosed.

SENER is a private engineering and technology group founded in 1956.

SENER employs 2,350 professionals at its centers on five continents. SENER groups together its own Aerospace and Engineering activities, as well as industrial holdings in companies working in energy through SENER Renewable Investments.

SENER Aeroespacial has more than 50 years of experience and is a world-class supplier to Space, Defense and Science. SENER Engineering has become a world reference company in the Infrastructure, Energy and Marine sectors.

Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 76,000 employees internationally.

Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare.
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Date Published: 22/07/2021

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