Exa, a company with strengths in fluid simulation technologies including aerodynamics, aero-acoustics, and thermal management

Dassault Systèmes has entered into a final acquisition agreement with Exa Corporation (Exa), an innovation leader in the global product engineering simulation software field.

Under the terms of the merger agreement concluded with unanimous approval from Exa's Board of Directors, within 10 days of contract execution, Dassault Systèmes will acquire all issued and to-be-issued common shares of Exa at $24.25 per share, thereby completing the full acquisition of Exa's equity stake valued at approximately $4 billion. Based on Exa's fiscal year ended January 31, total revenue was $72 million.

Dassault Systèmes plans to combine Exa's lattice Boltzmann fluid simulation technology, fully industrialized solutions, and approximately 350 simulation experts with extensive experience to provide customers of the 3DEXPERIENCE platform with an expanded portfolio based on proven technological capabilities. Through this acquisition, Dassault Systèmes customers can now solve complex fluid dynamics-related problems arising in various industrial sectors such as aerodynamics, aero-acoustics, and thermal management in significantly faster and more accurate ways compared to the past.

Exa's software is being utilized to validate fluid dynamics with high fluidity during design operations of 150 companies in industries such as automotive and transportation, aerospace and defense, and natural resources, and has global enterprises such as BMW, Tesla, Toyota, NASA, Embraer, and BP (British Petroleum) as customers. Particularly in the automotive and transportation sector, Exa's solution is widely utilized in aerodynamics, aero-acoustics, and thermal management simulation processes to such an extent that almost every company in the sector uses it.

Fluid dynamics simulation including engine cooling or wing lift is a critical element in validating the physical behavior of products, nature, and living organisms. In particular, since there are various situations where the fluid dynamics environment changes rapidly, in the high-fluidity fluid dynamics simulation field, it is very important to accurately understand products and physical behavior according to each specific environment. Exa's solution is characterized by providing differentiated superior performance compared to other fluid dynamics simulations in various application scenarios through the accuracy and timeliness inherent in its approach.

Dassault Systèmes will provide existing Exa customers with the same level of service while integrating Exa's solution into its own industrial solution experience portfolio. Through this, Dassault Systèmes plans to establish new industry standards in multi-physics and multiscale applications while significantly enhancing customer collaboration and technical interaction based on the merger of the two companies. Going forward, Dassault Systèmes customers are expected to be able to generate and analyze fluid behavior models more rapidly in diverse application scenarios based on high-fluidity fluid dynamics simulation.

Bernard Charlès, Chairman and CEO of Dassault Systèmes, stated, "Dassault Systèmes and Exa share integrated objectives and values in the scientific and industrial fields. This is a very important part of Dassault Systèmes' commitment to providing a 3DEXPERIENCE world based on harmony of products, nature, and life." He added, "High-fluidity fluid dynamics simulation is a critical component of Dassault Systèmes' multi-physics and multiscale simulation strategy. Based on Exa's applications with deep expertise in various industrial sectors including automotive and transportation, we will deliver Dassault Systèmes' industrial solution experience to both existing and future customers."