ANSYS bags rival Fluent
24 Jun 2006
Engineering software specialist 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 six million ANSYS shares.
The acquisition significantly increases ANSYS' position in the simulation market and will have an immediately positive effect on earnings, the company said. Prior to the deal, it held third position in the estimated $250 million world CFD market — behind Fluent, which has a stake in excess of 40%, and second-placed CD-adapco.
With the acquisition of Fluent, 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 studying how pollution propagates and oceanographers trying to predict the effects of global warming."
The combined company will employ about 1,350 and, ANSYS claims, offer the most comprehensive, independent engineering simulation software portfolio in the industry.
