CIMdata PLM Industry Summary Online Archive

27 August 2009

Acquisitions

ModuleWorks Acquires HeilTech Simulation Company

ModuleWorks has consolidated its position in the simulation component market with the acquisition of HeilTech.

HeilTech were formed in 2004 by Dr. Matthias Heil. Their HSVerify product is known for its fast performance when simulating large toolpaths for 3-5-Axis applications. HeilTech’s HSVerify product has licensees in the machine tool and CAM industry that will now have the benefit of expanded technology and development effort.

ModuleWorks Managing Director, Yavuz Murtezaoglu says, “There is a long history of high academic achievement in Germany and a wealth of practical engineering knowledge. Heiltech is one of those companies that successfully apply academic excellence to real-world engineering problems to achieve remarkable results. Now as part of ModuleWorks, we will be able to make this technology available to customers worldwide.”

Matthias Heil of HeilTech, is delighted to be joining the ModuleWorks team, "After more than 10 years of research and another 12 years developing simulation and verification technology in the commercial world, it is great to be joining a company that really is on the cutting edge of technology. I look forward to bringing all the latest developments from HeilTech into the ModuleWorks product family and I am convinced this will help ModuleWorks Simulation become the new standard."

For more information, please visit http://www.ModuleWorks.com or http://www.HeilTech.de.

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