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M&A Deal Summary

Altair Acquires Flow Simulator

On February 24, 2021, Altair acquired software company Flow Simulator from GE Aviation Systems

Acquisition Highlights
  • This is Altair’s 20th transaction in the Software sector.
  • This is Altair’s 10th transaction in the United States.
  • This is Altair’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-02-24
Target Flow Simulator
Sector Software
Buyer(s) Altair
Sellers(s) GE Aviation Systems
Deal Type Divestiture

Target

Flow Simulator

Evendale, Ohio, United States
Flow Simulator is an integrated flow, heat transfer, and combustion design software, which enables mixed fidelity simulations to optimize machine and systems design. Flow Simulator is based in Evendale, Ohio.

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Buyer(S) 1

Buyer

Altair

Troy, Michigan, United States
Category Company
Founded 1985
Sector Information Technology
Employees3,400
Revenue 613M USD (2023)
DESCRIPTION

Altair is a global technology company that provides software and cloud solutions in the areas of product development, high-performance computing, and data analytics. Altair was founded in 1985 and is based in Troy, Michigan.

DEAL STATS #
Overall 28 of 40
Sector: Software M&A 20 of 28
Type: Divestiture M&A Deals 4 of 5
State: Ohio M&A 1 of 1
Country: United States M&A 10 of 16
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 M-Base Engineering + Software

Aachen, Germany

M-Base Engineering + Software GmbH is a provider of material database and material information systems, product information systems, and material related simulation software. M-Base Engineering + Software is based in Aachen, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 S-FRAME Software

Richmond, British Columbia, Canada

S-FRAME Software is a structural analysis software platform used by engineers to evaluate a structure’s ability to withstand external loads (like wind, water, and snow) and meet design code requirements around the world. S-FRAME Software was founded in 1981 and is based in Richmond, British Columbia.

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Seller(S) 1

SELLER

GE Aviation Systems

Evendale, Ohio, United States
Category Company
Sector Aerospace
DESCRIPTION

GE Aviation is a provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft.

DEAL STATS #
Overall 4 of 4
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
State: Ohio M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-27 Critical Technologies

Edmond, Oklahoma, United States

Critical Technologies, Inc. (dba AirVault) is a provider of cloud-based digital records management. AirVault’s expertise to digitally manage mission-critical records across an industrial supply chain network.

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