Electromagnetic (EM) and electronics simulation company Computer Simulation Technology (CST) entered into a definitive agreement to be acquired by Dassault Systèmes for approximately €220 million.
CST’s CST Studio Suite software is used by designers and engineers at more than 2,000 companies in the transportation, aerospace and defence, and energy industries to evaluate all types of EM effects during every stage of electronic system design processes.
Current CST customers include Airbus Defence and Space, Bosch Group, Frauscher Sensor Technology and Sirona.
“Electromagnetism is an essential part of a multiphysics simulation strategy for the development of smart and connected products, and IoT devices – from their complex design, to ensuring the performance, reliability and safety of their interactions with their surrounding environment,” said Bernard Charlès, VC and CEO, Dassault Systèmes, totting-up numbers on his Casio calculator as he weighs up the potential $600 million EM simulation market.
“The acquisition of CST is part of our larger, ongoing mission to provide 3DEXPERIENCE universes to explore, accelerate and experience innovation that will achieve a greater harmony between product, nature and life.”
Dassault suggests that users will be able to: ‘quickly create and analyse high fidelity electromagnetic behavioral models that simulate electronic, antenna, electrical device and electromechanical product function across all frequencies and length scales, as well as access design synthesis and simulation tools needed for intricate electronic systems design’.
Incase you were wondering, the purchase price of CST will be paid in cash, and the deal is expected to be finalised in Q4 2016.