CAE giant Dassault Systèmes announced recently that it will be acquiring automotive and aerospace vehicle simulation and visualization company Exa Corporation.
The transaction, which was unanimously agreed upon by Exa Corporation’s board of directors, is valued at approximately $400 million, or $24.25 per share.
Exa will be added to Dassault Systèmes’ 3DEXPERIENCE platform and will provide customers with a bevy of Lattice Boltzmann fluid simulation technologies, which will enable simulation of dynamically variable fluid flow scenarios for a variety of industries.
Exa simulation packages include PowerFLOW, PowerCOOL and PowerTHERM, which as you can guess from the names, are very much focused on thermofluid simulation.
“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 benefits of the acquisition include enhanced value for the customers and greater collaboration between users of the existing platforms, which will now be unified under the 3DEXPERIENCE platform. And let’s be fair … the Exa simulations look quite nice too!
“Both Dassault Systèmes and Exa believe in the value of an integrated focus on science and industry,” said Bernard Charlès, vice chairman and CEO of Dassault Systèmes. “It is a critical part of our commitment to delivering 3DEXPERIENCE universes that harmonize products, nature and life. And simulation of dynamic fluid flow is an important part of our multiphysics and multiscale simulation strategy. 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.”
The acquisition is currently in the tender phase and is expected to be completed by the final quarter of 2017.
You can learn more about Exa and see some examples of its computational fluid dynamics simulations in this video.