Spectris to acquire Concurrent Real-Time from Battery Ventures for $166m.

Spectris, a provider of insight through precision measurement, agreed to acquire Concurrent Real-Time, a software firm, from Battery Ventures, a private equity firm, for $166m. "Simulation is a key strategic growth area for HBK and Concurrent-RT brings complementary technology to strengthen and expand our virtual testing solutions. Concurrent-RT has demonstrated superior technical performance, strong revenue growth and consistent profitability that will serve us well in building a market-leading position in simulation software and simulator solutions," Andrew Heath, Spectris CEO.