∻oth companies have a strong commitment to their customers and employees and share a passion for the development of innovative products and services and a history of We are very excited about the industry leading technologies that Fluent adds to ANSYS simulationĬapabilities, said James Cashman, President and CEO of ANSYS. Over 40 direct sales offices and 17 development centers, on three continents, the combined company will employ approximately 1,350 people.
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The combination of Fluents and ANSYS software products and services is expected to give ANSYS one of the mostĬomplete, independent engineering simulation software offerings in the industry, reaffirming and strengthening ANSYS commitment to open interface and flexible simulation solutions that are primarily driven by customer demand and choice.
This will increase operational efficiency and lower designĪnd engineering costs for customers, and accelerate development and delivery of new and innovative products to the marketplace. The acquisition of Fluent is expected to enhance the breadth, functionality, usability and interoperability of the ANSYS portfolio of simulation solutions. Product, with an annual growth rate of 18% through 2009 according to marketing research firm Daratech, Inc. Today, CFD simulation technology is used in almost every industry sector and manufactured TheĬompanys products are used by blue chip companies, small and medium sized enterprises, and academic institutions and institutes around the world. is a global supplier of CAE simulation software technologies and services.įluent products utilize computational fluid dynamics (CFD) principles and techniques to enable engineers and designers to simulate fluid flow, heat and mass transfer, and related phenomena involving turbulent, reacting, and multiphase flow. ANSYS will use a combination of existing cash and approximately $200 million from committed bank financing to fund the transaction.įluent, Inc.
Per share closing price of ANSYS common stock on February 15, 2006. The transaction is valued at approximately $565 million based on the $44.11 (Nasdaq: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced it has signed a definitive agreement to acquire Fluent, Inc., a global provider of computer-aidedĪgreement, ANSYS will issue 6,000,000 shares of its common stock and pay approximately $300 million in net cash to acquire Fluent, subject to certain adjustments at closing. DEFINITIVE AGREEMENT TO ACQUIRE FLUENT BROADENSĬAPABILITIES AS A GLOBAL INNOVATOR OF SIMULATION SOFTWAREĪcquisition Expected to be Accretive to Non-GAAP EPS Immediately After
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