ModuleWorks Announces Acquisition of Celeritive Technologies
ModuleWorks announces the acquisition of Celeritive Technologies, aiming to enable natural synergies and maximize benefits for customers, stakeholders and employees.
ModuleWorks announces the acquisition of Celeritive Technologies Inc., the developer of VoluMill.
Through reduced cycle times and cutting tool costs, VoluMill can help manufacturers become more profitable, flexible and competitive.
Both Celeritive and ModuleWorks have been strategic partners to many manufacturing organizations for several years. By combining the strengths of both companies, these organizations can benefit from many natural synergies, covering everything from technology to sales and support. This can enable more technology to be made available to both sets of customers in the near future. This can also help to reinforce ModuleWorks’ position in providing 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 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.”
