Ansys to acquire Analytical Graphics for $700m.

Ansys, an engineering simulation software provider, agreed to acquire Analytical Graphics, provider of mission-driven simulation, modeling, testing and analysis software for aerospace, defense and intelligence applications, for $700m. The 67% of the consideration will be paid in cash and 33% will be paid through the issuance of Ansys common stock. "Ansys' acquisition of AGI will help drive our strategy of making simulation pervasive from the smallest component now through a customer's entire mission. It will also expand the use of simulation in the key aerospace sector, where the stakes can be at their highest levels. We are excited to welcome the expert AGI team – and to expand the reach of their world-class technology to industries outside of aerospace, including for autonomy and 5G applications," Ajei Gopal, Ansys President and CEO.