M&A Deal Summary

Gamma Technologies Acquires Exothermia

On November 17, 2021, Gamma Technologies acquired software company Exothermia

Acquisition Highlights
  • This is Gamma Technologies’ 1st transaction in the Software sector.
  • This is Gamma Technologies’ 1st transaction in Greece.

M&A Deal Summary

Date 2021-11-17
Target Exothermia
Sector Software
Buyer(s) Gamma Technologies
Deal Type Add-on Acquisition

Target

Exothermia

Thessaloniki, Greece
Exothermia is a provider of predictive thermo-electro-chemical solutions for zero-impact emissions technologies. Exothermia was founded is based in Thessaloniki, Greece.

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Buyer(S) 1

Buyer

Gamma Technologies

Westmont, Illinois, United States

Category Company
Founded 1994
Sector Software
DESCRIPTION

Gamma Technologies offers a sophisticated computer-aided engineering (CAE) software GT-SUITE that is used by engineers to execute large-scale, integrated simulations of powertrain and vehicle systems. GT-SUITE includes a complete library of physics-based modeling software customized to address the challenges of vehicle and component design, allowing simulation of a variety of vehicle functions and subsystems, including powertrain, transmission, engine, thermal management, hydraulics, lubrication and friction, acoustics, HVAC, after treatment, general multi-body mechanics and control. Gamma Technologies was founded in 1994 and is based in Westmont, Illinois.


DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 2
Type (Add-on Acquisition) 2 of 2
Country (Greece) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 PowerForge

Toulouse, France

PowerForge is engineering software for power electronics an innovative SaaS offering for power converter design. PowerForge complements and extends GT’s product and technology portfolio and facilitates the industry transition towards an electrified future. PowerForge is based in Toulouse, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 FEMAG Software

United States

FEMAG Software is a provider of finite element based, electromagnetic simulation software solution for electric machines.

Buy -