According to Cowen Research, the wiring harness today is the third highest cost component in a car (behind the engine and chassis). Harnesses are built one at a time and can comprise about 50 percent of the cost of labour for the entire car. The wiring harness is also the third heaviest component (behind the chassis and engine). Any technology that reduces this weight directly contributes to fuel economy.
Through this acquisition, Siemens plans to extend worldwide the delivery of new technology offerings that address disruption in the automotive harness industry caused by megatrends such as autonomous driving and electric vehicles.
Siemens’ Capital software, part of the portfolio of recently acquired Mentor Graphics, extends from electrical/electronic architecture development through electrical systems design and service into wire harness design and manufacture. The addition of COMSA adds key harness engineering and design data analytics technologies, with strong support for new data standards emerging especially in Europe.
“With Siemens’ acquisition of COMSA, we will be able to participate and contribute to this growing market in ways and locations that we could not have reached alone” said Josef Biermeier, CEO of COMSA.
The terms of the transaction were not disclosed.
Siemens - www.siemens.com