By DE Editors
ANSYS, Inc. (Southpointe, PA), a global innovator of simulation software and technologies designed to optimize product development processes, and Ansoft Corporation (Pittsburgh, PA) have signed a definitive agreement whereby ANSYS will acquire Ansoft for approximately $832 million in a mix of cash and ANSYS common stock.
Ansoft is a global provider of high-performance Electronic Design Automation (EDA) software. The software is based on more than 25 years of R&D by experts in electromagnetics, circuit and system simulation. Engineers use Ansoft products to simulate high-performance electronics designs found in mobile communication and Internet devices, broadband networking components and systems, integrated circuits, printed circuit boards, and electromechanical systems.
According to the release, the complementary combination of Ansoft’s and ANSYS’ software products and services is expected to give ANSYS one of the most complete, independent engineering simulation software offerings in the industry, reaffirming and strengthening ANSYS’ commitment to open interface and flexible engineering simulation solutions that are primarily driven by customer demand, flexibility, and choice.
Upon the closing of the transaction, Ansoft stockholders will own approximately 12 percent of the combined company on a pro forma basis. A presentation describing the transaction will be made available on the ANSYS website at http://www.ansys.com under the Investors tab.
Sources: Press materials received from the company and additional information gleaned from the company’s website.