Technology products, systems, services and solutions provider, Siemens, recently acquired software company, VRcontext International, in a bid to expand its industrial software portfolio.
Details of the purchase price were not disclosed.
The announcement was made at the Digital Plant Congress in Würzburg, Germany.
VRcontext is known for its 3D visualisation and training software, especially the Walkinside product family. Walkinside 3D visualisation software is used in plant operation, maintenance and servicing.
Through the acquisition, the company plans to tap into the plant construction and ship-building industries.
It also aims to further strengthen Siemens’ established position in the industrial software market.
"The integration of the Walkinside 3D software into our industrial software portfolio will benefit our customers significantly. Using intelligent 3D models can make plant engineering and operation safer and more efficient in a great many sectors of industry," Siemens global industrial automation CEO, Eckard Eberle, said.
Siemens also recently said it is looking for potential partnerships as it works to expand its channel presence within Australia.