ModuleWorks Acquires Celeritive Technologies

ModuleWorks, an innovator in toolpath generation and simulation technology for digital manufacturing, reports the acquisition of Celeritive Technologies, Inc., developer of VoluMill.

Through reduced cycle times and cutting tool costs, VoluMill helps manufacturers become more profitable, flexible and competitive, and maximize the return on their capital investments, according to ModuleWorks.

Both Celeritive and ModuleWorks have been strategic partners to many manufacturing organizations for many years. By combining the strengths of both companies, these organizations will benefit from many natural synergies, covering everything from technology to sales and support, ModuleWorks reports. It is expected that this will enable more technology to be made available to both sets of customers in the near future. This will help to reinforce ModuleWorks’ position as a global leader in the provision of toolpath and simulation components for digital manufacturing systems.

“This strategic acquisition aligns perfectly with our vision of being at the forefront of our industry,” says Dr. Yavuz Murtezaoglu, founder and managing director of ModuleWorks. “We are enthusiastic about the opportunities this integration presents and are committed to a seamless transition that maximizes the benefits for our partners, employees and stakeholders.”

“Uniting Celeritive and ModuleWorks will bring tremendous value to our joint customers worldwide,” says Terry Sorensen, founder and CEO of Celeritive Technologies. “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.”

Sources: Press materials received from the company and additional information gleaned from the company’s website.