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| Monsanto Selects EASA to Deliver Technical Applications |
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Posted Tue February 04, 2003 @12:30PM
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ANSYS, Inc., a global leader in computer-aided engineering analysis and optimization software, today announced that it has entered into a definitive agreement to acquire CFX, a leading supplier of computational fluid dynamics software and services. Computational fluid dynamics (CFD) is the second largest segment of the computer-aided engineering market behind the solid mechanics segment, where ANSYS already is well recognized as a market leader. By acquiring CFX, ANSYS will broaden the scope of engineering and physics solutions it can offer to its customers, gain access to new customers, and enter new markets.
ANSYS has agreed to pay approximately $21 million in cash to CFX's parent company, AEA Technology PLC (London: AAT), to complete the acquisition. The Company estimates that the transaction will be accretive to adjusted earnings in fiscal year 2003, excluding the impact of purchase accounting adjustments relative to the recognition of deferred lease revenue and the amortization of purchased intangibles. The transaction, which is subject to certain closing conditions, is expected to close in February 2003. CFX, which will continue to be headquartered in Waterloo, Ontario, will separately maintain its product and service businesses.
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| New Service Cuts Time and Cost of CAE |
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| Events: CFD Seminar on Industrial Turblulent Flows
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