Ansys, the global leader and innovator of engineering simulation software, announced that it has entered into a definitive agreement to acquire Lumerical Inc., a leading developer of photonic design and simulation tools. The acquisition will add best-in-class photonics products to the Ansys multiphysics portfolio, providing customers with a full set of solutions to solve their next-generation product challenges.
Emerging technologies such as 5G and industrial internet of things (IIoT) applications as well as autonomous vehicles are challenging companies to deal with massive volumes of data faster than ever. Traditional means of transmitting that data are being replaced by higher-efficiency optical networks. Lumerical's photonic simulation products enable designers to model the most challenging problems in photonics, including interacting optical, electrical and thermal effects. Lumerical's solutions can improve the performance of data center architectures by removing networking bottlenecks, potentially slashing the total cost of ownership. Additionally, the acquisition of Lumerical is expected to enable Ansys customers to predict light's behavior within complex photonic structures and systems.
"Ansys provides a comprehensive solution for semiconductors and high-performance electronics," said Shane Emswiler, Ansys' senior vice president, physics business units. "With the acquisition of Lumerical, we will extend Ansys' capabilities to exploit the potential of photonics to further empower our customers to develop next-generation products like autonomous vehicles and other smart-connected products."
"Lumerical is a perfect fit with Ansys," said James Pond, co-CEO and CTO of Lumerical. "The potential of photonics in applications like 5G, IIoT and autonomous vehicles can only be realized by solving immense multiphysics device and system challenges. Together, Lumerical and Ansys are uniquely positioned to provide the necessary solutions, and customers of both companies will reap tremendous rewards from this dynamic acquisition."
The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the second quarter of 2020. It is not expected to have a material impact on Ansys' consolidated financial statements in 2020.
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