Ansys acquires chemistry simulation software company
CANONSBURG – Engineering simulation software provider Ansys Inc. said Wednesday it has reached a merger agreement with Reaction Design, a leading developer of chemistry simulation software.
Southpointed-based Ansys said in a news release the transaction is expected to close in January.
San Diego-based Reaction Design serves more than 400 customers around the world. Its flagship product, Chemkin-Pro, is the gold standard for modeling and simulating gas-phase and surface chemistry.
Ansys said the combination of its proven computational fluid dynamics solutions with Reaction Design’s industry-leading chemistry solvers will provide the best-in-class combustion simulation tools available on the market.
Ansys Chief Executive Officer Jim Cashman said understanding and predicting the effects of chemistry in a combustion system is critical to developing competitive products in transportation, energy and materials processing applications.
“Companies across industries want to offer products – from airplanes to automobiles to gas turbines - with improved fuel efficiency,” Cashman said. “For more than 15 years, Reaction Design has helped companies around the world to better understand chemical processes. Combining its solvers with Ansys’ solutions will give customers new insights into the combustion processes in their products – driving increased fuel efficiency.”
The purchase price was not provided.
Ansys said its management will provide further details regarding the transaction and its impact on the 2014 financial outlook subsequent to the closing.