M&A Deal Summary

ANSYS Acquires Zemax

On August 30, 2021, ANSYS acquired software company Zemax from EQT

Acquisition Highlights
  • This is ANSYS’s 22nd transaction in the Software sector.
  • This is ANSYS’s 16th transaction in the United States.
  • This is ANSYS’s 1st transaction in Washington.

M&A Deal Summary

Date 2021-08-30
Target Zemax
Sector Software
Buyer(s) ANSYS
Sellers(s) EQT
Deal Type Add-on Acquisition

Target

Zemax

Kirkland, Washington, United States
Zemax is a provider of software for optical and illumination designers, engineers, and researchers worldwide. Zemax also offers an application that allows engineers to develop and collaborate through computer-aided design systems. Zemax was founded in 1991 and is based in Kirkland, Washington.

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Buyer(S) 1

Buyer

ANSYS

Canonsburg, Pennsylvania, United States

Category Company
Founded 1970
Sector Software
Employees5,600
Revenue 2.1B USD (2022)
DESCRIPTION

ANSYS is a designer and producer of computer-aided engineering software. Its products are used worldwide in developing design solutions for the aerospace, automotive, biomechanics, consumer, electrical/electronics, machinery and power industries. ANSYS was incorporated in 1970 and is based in Canonsburg, Pennsylvania.


DEAL STATS #
Overall 23 of 29
Sector: Software M&A 22 of 25
Type: Add-on Acquisition M&A Deals 23 of 29
State: Washington M&A 1 of 1
Country: United States M&A 16 of 21
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Phoenix Integration

Blacksburg, Virginia, United States

Phoenix Integration is a provider of software products and services to the aerospace and defense industry. Phoenix Integration's ModelCenter is a vendor-neutral software platform that empowers engineers to create and automate multi-tool workflows, providing increased flexibility to solve challenging engineering problems, and ultimately delivering on the promise of MBE. Phoenix Integration was founded in 1995 and is based in Blacksburg, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 OnScale

Redwood City, California, United States

OnScale is a cloud simulation provider. The Company combines powerful multiphysics solver technology with the limitless compute power of cloud supercomputers. OnScale was founded in 2017 and is based in Redwood City, California.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 152 of 194
Sector: Software M&A 4 of 6
Type: Add-on Acquisition M&A Deals 61 of 76
State: Washington M&A 2 of 3
Country: United States M&A 19 of 28
Year: 2021 M&A 14 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-13 Utimaco

Aachen, Germany

Utimaco is a global provider of specialist professional cybersecurity and compliance solutions, offering hardware-based, high-security appliances (hardware security modules) and compliance solutions for telecommunication provider regulations (lawful interception and data retention). Utimaco was founded in 1983 and is headquartered in Aachen, Germany, and has around 170 employees worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Azelis

Antwerp, Belgium

Azelis is a distributor of specialty chemicals and food ingredients, providing diverse products and innovative services. Azelis was founded in 2001 and is based in Antwerp, Belgium.

Sell -