HORSHAM, PA — Manufacturing software firm Aegis Software has completed the acquisition of Simio, a move that deepens its push into digital twin simulation and advanced planning tools as manufacturers seek tighter control over increasingly complex operations.
The deal brings together Aegis’ manufacturing execution systems with Simio’s digital twin simulation and Advanced Planning and Scheduling software, technologies designed to help manufacturers model, analyze, and predict what is happening on the factory floor — and what is likely to happen next. Company officials said the combined platform is aimed at giving manufacturers clearer, real-time insight into mission-critical workflows across a range of industrial end markets.
Simio has built a reputation as a pioneer in simulation and planning software, using digital twin technology to replicate real-world manufacturing systems and test scenarios before changes are made in production. Its software is widely used by industrial engineers and is embedded in the curriculum of more than 500 colleges and universities worldwide, helping train future manufacturing professionals on modern simulation and planning tools.
Jason Spera, co-founder and chief executive officer of Aegis, said the acquisition expands the company’s three-decade legacy in manufacturing software and brings complementary capabilities under a single platform. He said the combination is intended to help customers make higher-stakes operational decisions by offering end-to-end visibility across the manufacturing process.
The acquisition is backed by Peak Rock Capital, a private equity firm that holds a controlling interest in Aegis. Preston Thomas, a managing director at Peak Rock and a member of Aegis’ board, said adding Simio strengthens the company’s ability to deliver an integrated suite of manufacturing, simulation, and planning solutions. He said the combined company now supports operations in more than 2,200 factories.
Dennis Pegden, founder of Simio, said the company has focused on building software to optimize complex manufacturing systems and that joining Aegis provides a strong platform for its next phase of growth. Pegden said he will remain a shareholder following the transaction.
Jared Mason, another managing director at Peak Rock and an Aegis board member, said the firm expects to continue pursuing strategic acquisitions to broaden Aegis’ product offerings and expand its reach in the manufacturing technology market.
Financial terms of the acquisition were not disclosed.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.
