The COMSA team and technology will join the Mentor business, part of Siemens PLM Software, where it will add key harness engineering and design data analytics capabilities to the Siemens product range.
“The acquisition of COMSA is part of Siemens’ continued investment in technology for the automotive industry,” said Tony Hemmelgarn, president and CEO of Siemens PLM Software.
“The combination of Siemens and COMSA solutions and specialist staff is unrivalled in the industry. Together, we will take electrical systems and harness engineering to the new levels needed to meet the demands of electric and autonomous vehicle development, and provide deeply integrated technical capabilities that will benefit COMSA and Siemens customers worldwide.”
Bishop and Associates estimate that in 2017 the worldwide revenue for the cable assembly market was $155 billion with approximately 30% of the market from automotive.