Ansys, the global leader and innovator of engineering simulation software, has entered into a definitive agreement to acquire the DYNAmore business from DYNAmore Holding GmbH. DYNAmore is a leader in developing and selling explicit simulation solutions to the automotive industry. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the first quarter of 2023. It is not expected to have a material impact on Ansys' consolidated financial statements.
DYNAmore is a longtime channel and software development partner of Livermore Software Technology Corporation (LSTC), which Ansys acquired in 2019. After that acquisition, DYNAmore continued to sell Ansys LS-DYNA throughout Europe as an Ansys channel partner focused primarily on the automotive industry. DYNAmore also employs a team of developers that assist with the core development of LS-DYNA as well as with dummy and human body models. After the acquisition closes, Ansys will add DYNAmore's go-to-market and development expertise to its existing sales, engineering, research and development teams.
"DYNAmore is an amazing company that offers unparalleled automotive crash expertise to the industry," said Walt Hearn, vice president of worldwide sales and customer excellence at Ansys. "Adding their invaluable knowledge to Ansys' direct selling motion will add tremendous benefits to our customers in Europe and across the globe."
Headquartered in Stuttgart, Germany, DYNAmore employs around 110 people across several North American and European locations. The company has approximately 800 industrial customers, and over 150 universities use its software and services. DYNAmore's automotive customers are a who's who of the industry, including nine of the top 10 original equipment manufacturers and seven of the largest automotive suppliers around the world.
"Since the acquisition of LSTC in 2019, DYNAmore has worked with Ansys both as a channel partner and a technology partner in the field of research and development," said Uli Franz and Thomas Muenz, the managing directors of DYNAmore. "This acquisition will enable the unique opportunity to build a center of excellence for simulation solutions. Fusing our strong position in the automotive industry together with a well-defined joint sales strategy will allow us to build upon our track record of success together and offer customers even greater value."
"By joining with Ansys, we will provide complete software solutions for crash simulation, occupant safety, and production processes — including metal forming," said Uli Goehner, cofounder of DYNAmore. "This acquisition will enable DYNAmore to provide our software solutions, code development, and simulation expertise to a wider customer base. As part of Ansys, we will expand our go-to-market strategy beyond the automotive industry in Europe — seeking broader market opportunities in the global biomedical, production process, and packaging industries."