ANSYS To Acquire Livermore To Boost Automotive Clientele
Zacks Investment Research | Sep 12, 2019 10:10PM ET
ANSYS (NASDAQ:ANSS) inked a deal to acquire Livermore Software Technology Corporation, in a bid to strengthen its explicit dynamics suite and finite element analysis capabilities.
With the latest buyout, ANSYS aims to aid developers design cost-efficient and safer vehicles while minimizing costs concerning physical testing.
Robust functionalities of Livermore’s flagship solution, LS-DYNA, compelled ANSYS to pursue the deal. Notably, LS-DYNA is general purpose highly scalable software with multiphysics computations capabilities.
Moreover, LS-DYNA solution aids automotive customers to precisely ascertain the behavior of the vehicle and its effects on occupants in case of a collision. Consequently, the solution boasts of customer base comprising tier one automotive suppliers, which is expected to be a major positive for ANSYS.
We believe the latest agreement is in sync with ANSYS’ strengthening involvement in automotive industry and focus on integrating efficient designs for smart autonomous vehicles.
Also, LS-DYNA supports distributed and shared memory platforms, including, Linux, Unix, Windows. Further, LS-DYNA, which enables customers in simulating complicated real world problems, is utilized by aerospace, defense, construction, bioengineering and manufacturing industries.
Furthermore, integration of ANSYS Workbench with LS-DYNA is expected to expand customer base.
These initiatives are instilling confidence in the stock. Notably, shares of ANSYS have returned 47.7% year to date, significantly outperforming the Zacks Investment Research
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