ANSYS gets Fluent
24 May 2006
Southpointe, Pennsylvania -- ANSYS Inc. has completed its acquisition of Fluent Inc., the world's leading computational fluid dynamics (CFD) company, for around $299 million in cash and 6,000,000 of ANSYS shares, the companies announced 4 May.
The acquisition significantly increases engineering software company ANSYS’ position in the simulation market, the company said. Prior to the deal, ANSYS held no.3 position in the estimated $250-million world CFD market behind Fluent and second placed CD Adapco.
ANSYS said it aims to be "an important partner to design engineers in industries, from discrete manufacturing, oil and gas, chemicals, food processing, as well as to environmental scientists."
The combined company will employ about 1,350 and offer the most comprehensive, independent engineering simulation software offerings in the industry, ANSYS claims.
