PITTSBURGH,
Aug. 30, 2021
/PRNewswire/ --
/ Key Highlights
- Ansys to acquire Zemax, LLC, a leader in high-performance
optical imaging system simulation
- Acquisition will expand the Ansys portfolio to provide
comprehensive, end-to-end solutions for simulating sophisticated
optical- and photonics-enabled products
- Deal expected to close in Q4 2021, subject to satisfaction of
closing conditions
Ansys (NASDAQ: ANSS), the global leader and innovator of
engineering simulation software, announced today that it has
entered into a definitive agreement to acquire Zemax, LLC, a leader
in high-performance optical imaging system simulation. Once closed,
the acquisition will expand the scope of Ansys' solution offering,
giving users comprehensive, end-to-end solutions for simulating
next-generation optical and photonics products. Those innovations
range in scope from photonics-enabled circuits to precision vision
systems to system-level illumination and could drive breakthroughs
in healthcare, autonomy, consumer electronics and the industrial
internet of things.
Modern products rely upon embedded optical systems for
successful performance. Accurately imaging the physical world and
predicting the performance of these imaging systems is critical in
products as diverse as robotic surgery-assist systems, autonomous
vehicles, machine vision cameras and aerospace and defense
applications. These products depend on precision optical raytracing
and reliable lens design, yet imaging system creation is an
intricate task complicated by strict requirements for precision,
tolerancing and manufacturability. Zemax provides users with
unsurpassed precision and breadth in imaging simulation and
optimization technologies.
With the addition of Zemax technologies, Ansys will offer
customers a comprehensive solution for simulating the behavior of
light in complex, innovative products – ranging from the microscale
with the Ansys Lumerical™ photonics products, to the imaging of the
physical world with Zemax, to human vision perception with Ansys
Speos™. That comprehensive solution will enable users to create
optimal designs more quickly by streamlining the workflow and
communication among photonics, optical, mechanical and
manufacturing engineers.
Based in Kirkland, Washington,
Zemax has a 30-year track record of global success across
industries. The company employs over 100 people around the
world.
"Simulating the behavior of light – from creation to
illumination – is becoming critical for the development of
next-generation products," said Shane
Emswiler, senior vice president, Ansys. "With the addition
of the best-in-class technology from Zemax, Ansys' customers will
benefit from a complete, end-to-end solution for simulating
light."
"Zemax has been a leader in optical simulation since our
founding 30 years ago," said S. Subbiah, CEO of Zemax. "Our mission
is enabling customers to design sophisticated optical products and
bring them to market faster. By joining forces with Ansys, we will
quickly deliver Zemax's gold-standard imaging products to a wider
audience and have an even greater impact on optical product
development. It is a winning combination for our customers and for
Ansys users across the globe."
Ansys entered into the definitive agreement to acquire Zemax
with EQT Private Equity, the company's current owner. The
transaction is expected to close in the fourth quarter of 2021,
subject to receipt of regulatory clearance and the satisfaction of
other customary closing conditions. The transaction is not expected
to have a material impact on the 2021 financial results.
/ About Ansys
If you've ever seen a rocket launch, flown on an airplane,
driven a car, used a computer, touched a mobile device, crossed a
bridge or put on wearable technology, chances are you've used a
product where Ansys software played a critical role in its
creation. Ansys is the global leader in engineering simulation.
Through our strategy of Pervasive Engineering Simulation, we help
the world's most innovative companies deliver radically better
products to their customers. By offering the best and broadest
portfolio of engineering simulation software, we help them solve
the most complex design challenges and create products limited only
by imagination. Founded in 1970, Ansys is headquartered south of
Pittsburgh, Pennsylvania, U.S.A.
Visit www.ansys.com for more information.
Ansys and any and all ANSYS, Inc. brand, product, service and
feature names, logos and slogans are registered trademarks or
trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All
other brand, product, service and feature names or trademarks are
the property of their respective owners.
/ Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 with respect to the proposed acquisition, including
statements regarding the benefits of the acquisition, the
anticipated timing of the acquisition and the products and markets
of each company. These forward-looking statements generally are
identified by the words "believe," "project," "expect,"
"anticipate," "estimate," "intend," "future," "opportunity,"
"plan," "may," "should," "will," "would," and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: (i) the risk that the
acquisition may not be completed in a timely manner or at all, (ii)
the failure to satisfy the conditions to the consummation of the
acquisition, including the receipt of certain regulatory approvals,
(iii) the occurrence of any event, change or other circumstance
that could give rise to the termination of the acquisition
agreement, (iv) risks that the proposed transaction disrupts
current plans and operations of Zemax and potential difficulties in
Zemax employee retention as a result of the transaction, (v) risks
related to diverting management's attention from Zemax's ongoing
business operations, (vi) the ability of Ansys to successfully
integrate Zemax's operations, product lines, and technology, (vii)
the ability of Ansys to implement its plans, forecasts, and other
expectations with respect to Zemax's business after the completion
of the proposed acquisition and realize additional opportunities
for growth and innovation, (viii) the short- and longer-term
effects of the COVID-19 pandemic; and (ix) adverse changes in the
economic and political conditions in the regions in which Ansys and
Zemax operate. In addition, please refer to the documents that
Ansys files with the SEC on Forms 10-K, 10-Q and 8-K. These filings
identify and address other important risks and uncertainties that
could cause events and results to differ materially from those
contained in the forward-looking statements set forth in this press
release. Forward-looking statements speak only as of the date they
are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Ansys assumes no obligation to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise.
ANSS–F
/
Contacts
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Media
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Mary Kate
Joyce
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724.820.4368
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marykate.joyce@ansys.com
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Investors
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Kelsey
DeBriyn
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724.820.3927
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kelsey.debriyn@ansys.com
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SOURCE Ansys