Ansys offers computer-aided engineering analysis and optimization software, and will use CFX, a supplier of computational fluid dynamics software and services, to broaden the scope of engineering and physics solutions it can offer to its customers, as well as gain access to new customers, and enter new markets.
The proceeds from the sale will be used to reduce the AEA’s net borrowings. For its financial year ended March 31, 2002, AEA made an operating loss of 1.9m pounds ($3.1m) after exceptional items, on revenue of 13m pounds ($21.4m).
AEA is an offshoot from the UK’s public sector Atomic Engineering Authority. It transformed itself into a private company in 1996 and promptly got listed on the London Stock Exchange. Completion is subject to certain conditions and is expected by the end of February.
Source: Computerwire
