Flomerics to acquire NIKA GmbH
Flomerics Group plc announced that it has reached agreement on the proposed acquisition of the entire share capital of NIKA GmbH, an engineering fluid dynamics software company based in Frankfurt, Germany and specializing in simulation tools for the prediction of fluid flow and heat transfer.
NIKA’s computational fluid dynamics technology is derived from $10.7 million of product development investment, primarily in Russia, where scientific expertise is said to be excellent and costs are low.NIKA’s technology enhances Flomerics’ existing product range and gives access to a wider potential customer base of design engineers outside Flomerics’ existing core market.
NIKA’s engineering fluid dynamics product is a suite of computational fluid software simulation programs used as part of the design process for a variety of products, including vehicles, home appliances and electronic equipment.
EFD encapsulates NIKA’s unique approach to embedding CFD technology deeply into mainstream mechanical computer-aided design (MCAD) software.NIKA uses application programming interfaces from SolidWorks.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey