exa corporation, a global innovator in simulation software for product engineering, announced that its board of directors has unanimously agreed to be acquired by dassault systèmes in a transaction valued at approximately $400 million or $24.25 per share.
headquartered in paris, france and boston, mass., dassault systèmes provides business and people with virtual universes to imagine sustainable innovations. its world-leading solutions transform the way products are designed, produced, and supported.
dassault systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. the group brings value to over 220,000 customers of all sizes, in all industries, in more than 140 countries.
with the addition of exa, dassault systèmes’ 3dexperience platform will provide customers with a proven portfolio of lattice boltzmann fluid simulation technologies, fully industrialized solutions and over 350 highly experienced simulation professionals.
simulation of fluid flow, such as the cooling of an engine or the lift of a wing, is a necessary component of simulating the physical behavior of products, nature and life. for the many situations where fluid flow conditions change rapidly, simulation of dynamically variable flows is critical to accurate assessments of a product and its behavior in its environment.
for these applications, the combination of exa’s accuracy and timeliness provides results that are superior to those of alternative cfd methods.
“exa’s unique lattice boltzmann simulation technology combined with our extensive professional and industry expertise has enabled us to deliver significant value to the leading companies in the global transportation and other flow-based product industries,” said stephen remondi, president and chief executive officer of exa.
“we can solve the most challenging fluids problems faster and more accurately than traditional methods for aerodynamics, aeroacoustics, thermal management and other fluids-related applications. the combination of exa with dassault systèmes’ 3dexperience platform will provide exa with the critical mass of manpower and technology required to accelerate the delivery of our shared vision of driving the value of digital engineering knowledge, enabling everyone in the value chain to access the power of simulation for critical business decisions.”
“both dassault systèmes and exa believe in the value of an integrated focus on science and industry. it is a critical part of our commitment to delivering 3dexperience universes that harmonize products, nature and life. simulation of dynamic fluid flow is an important part of our multiphysics and multiscale simulation strategy,” said bernard charlès, vice chairman and ceo, dassault systèmes.
“with exa’s valuable application knowledge in transportation and mobility and other industry verticals, we will accelerate our delivery of industry solution experiences to benefit our existing and future customers.”