Dassault Systèmes acquires Exa

Sept. 28, 2017
With the addition of Exa, Dassault’s 3DEXPERIENCE platform will provide customers with a more diverse portfolio of combined Lattice Boltzmann fluid simulation technologies

Dassault Systèmes and Exa Corporation, a creator of simulation software for product engineering, have signed a definitive merger agreement for Dassault Systèmes to acquire the Burlington, Massachusetts-based Exa. Under the terms of the agreement, unanimously approved by Exa’s board of directors, a subsidiary of Dassault Systèmes will commence a tender offer within the next 10 business days to acquire all of the issued and outstanding shares of Exa common stock for a price of $24.25 per share payable in cash upon completion of the offer.

With the addition of Exa, Dassault Systèmes’ 3DEXPERIENCE platform will provide customers with a diverse portfolio of combined Lattice Boltzmann fluid simulation technologies, as well as Exa’s industrialized solutions and nearly 350 simulation professionals. According to Dassault, this set of solutions solves fluids problems faster and more accurately than traditional methods for aerodynamics, aeroacoustics and thermal management.

Exa’s software is used by designers and engineers at more than 150 companies in transportation and mobility, as well as aerospace and defense, and natural resources. Customers include BMW, Tesla, Toyota, NASA, Embraer, British Petroleum and more.

While providing continuity for Exa’s customers, Dassault Systèmes will integrate Exa’s solutions into its existing portfolio of industry solution experiences.

"Both Dassault Systèmes and Exa believe in the value of an integrated focus on science and industry. It is a critical part of our commitment to delivering 3DEXPERIENCE universes that harmonize products, nature and life," said Bernard Charlès, vice chairman and CEO of Dassault. "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."

Completion of the transaction is expected in the fourth quarter of 2017, subject to the satisfaction of customary closing conditions, including required regulatory approvals. The transaction will be accretive to Dassault Systèmes’ earnings.

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