ANSYS, Inc. (ANSS: Quote) and Esterel Technologies S.A. announced that they signed a definitive agreement whereby ANSYS will acquire Esterel Technologies for a cash purchase price of around 42 million euros, or approximately $53 million, subject to certain working capital adjustments at close.
In addition, the agreement includes retention provisions for key members of management and employees. The transaction is currently anticipated to close in the third calendar quarter of 2012.
According to ANSYS, the acquisition of Esterel complements ANSYS software solutions by extending the ANSYS Simulation Driven Product Development vision to encompass both hardware and software systems. A combined solution will enable customers to gain greater insight into the behavior of the embedded software as it interacts with the hardware including electrical, mechanical and fluidic sub-systems, ANSYS noted. The complementary combination is expected to accelerate development and delivery of new and innovative products to the marketplace while lowering design and engineering costs for customers and enhancing product safety.
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by RTT Staff Writer
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