Ansys (NASDAQ: ANSS) has signed a definitive agreement to acquire Thermal Desktop maker Cullimore and Ring Technologies, Inc. a/k/a C&R Technologies, the leading provider of orbital thermal analysis. Once integrated into Ansys' existing portfolio, this acquisition will further position Ansys as the industry leader of A&D and NewSpace simulation solutions. The acquisition is not expected to have a material impact on Ansys' consolidated financial statements in 2022.

The design of many engineering systems in A&D, NewSpace, and other industries requires a thorough understanding of the thermal behavior for a wide range of environmental conditions, including accounting for transient situations such as start-up and shutdown. Thermal behavior must be fully understood to ensure successful missions. Thermal Desktop's thermal-centric modeling approach provides fast and effective system-level simulation capabilities to meet this need and can be used in combination with Ansys' physics solvers to provide customers with the fidelity required at every stage of thermal system design and optimization.

The acquisition complements Ansys' suite of 3D thermal, fluid flow, and mission simulation tools to provide more efficient and accurate design, analysis, and optimization of the thermal behavior of systems and networks of interacting components. The agreement expands on Ansys and C&R Technologies' existing collaboration and enables customers to combine Thermal Desktop's system-level thermal modeling with the Ansys family of multiphysics analysis software — including Ansys' structures, fluids, space, and optical simulation portfolios.

"Innovations in NewSpace, launch vehicles and satellites are advancing at a tremendous pace," said Shane Emswiler, senior vice president of products at Ansys. "By bringing together best-in-class technologies from two industry leaders we can capitalize on this growing market while delivering efficiency and fidelity improvements to our customers."

"Beyond complementing Ansys' portfolio with our thermal simulations focused on thermal-centric modeling and system-level analysis for design and optimization, C&R Technologies is also committed to providing engineers and researchers with an open platform for maximum flexibility and software customization," said Brent Cullimore, President at C&R Technologies. "Our team is elated to join Ansys and deliver best-in-class advanced thermal solutions to the industry."