An expanded partnership between Ansys and Humanetics will
unlock new levels of value and accuracy in the human safety
engineering ecosystem
/ Key Highlights
- Ansys has entered into a definitive agreement to acquire a
minority ownership interest in Humanetics to strengthen their
existing relationship
- Ansys and Humanetics intend to expand their partnership to
further push innovation in the human safety engineering
ecosystem
- This partnership will drive greater value for customers in the
automotive industry and beyond as two key companies deliver more
streamlined, accurate and efficient product offerings
- The companies will use digital twins to strengthen the
connection between physical and virtual safety solutions
PITTSBURGH, Jan. 23,
2024 /PRNewswire/ -- Ansys (NASDAQ: ANSS)
announced that it has entered into a definitive agreement to
acquire a minority ownership interest in Humanetics from
Bridgepoint, the global private equity firm that first invested in
Humanetics in 2018. The transaction is subject to customary closing
conditions and receipt of required regulatory approvals. Humanetics
is a leading provider of physical and digital human safety systems
and sensor technologies. Building on an existing partnership, the
two companies will together strengthen the human safety engineering
ecosystem and help propel the industry forward by marrying physical
and virtual safety solutions with digital twins.
Humanetics is the world's leading provider of anthropomorphic
test devices (ATDs), more commonly known as crash test dummies. The
company also provides digital models of their ATDs, which are
commonly used by simulation software companies, including Ansys, to
create realistic simulations of crash events. Humanetics' digital
models of ATDs are highly complementary to, and frequently used
with Ansys' LS-DYNA crash test solution.
Humanetics also offers an innovative ergonomics software
solution, RAMSIS, which allows users to create virtual vehicle
interiors, custom Human Body Models (HBMs), and 3D occupants to
evaluate ergonomics and comfort during prototype development.
Combining Humanetics' HBMs and RAMSIS with Ansys' physics-based
simulation portfolio through the expanded partnership will further
empower human-centric product design, improve testing, and inform
decision making.
"Humanetics' mission is to protect humans in mission critical
environments, by providing engineers with data that is used to
drive innovation and improve control. Combining our safety and
sensor expertise with Ansys' simulation capabilities is an
opportunity to add value to our customers and save more lives,"
said Christopher O'Connor,
Humanetics CEO and President. "Ansys' partnership will jointly
enable us to further unleash new levels of innovation in the human
safety ecosystem. We remain committed to working with all our
existing and future partners to drive innovation in the
industry."
"Ansys and Humanetics' existing offerings are highly
complementary and enable an end-to-end solution for active and
passive auto safety test and design," said Shane Emswiler, senior vice president of
products at Ansys. "Deepening our partnership with Humanetics will
not only enable further integration of physical test data with
digital simulation data for our customers, but also has the
potential to enable interconnected digital and physical offerings
that will transform the human safety ecosystem."
/ About Ansys
Our Mission: Powering Innovation that Drives Human
Advancement™
When visionary companies need to know how their world-changing
ideas will perform, they close the gap between design and reality
with Ansys simulation. For more than 50 years, Ansys software has
enabled innovators across industries to push boundaries by using
the predictive power of simulation. From sustainable transportation
to advanced semiconductors, from satellite systems to life-saving
medical devices, the next great leaps in human advancement will be
powered by Ansys.
Ansys and any and all ANSYS, Inc. brand, product, service and
feature names, logos and slogans are registered trademarks or
trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All
other brand, product, service and feature names or trademarks are
the property of their respective owners.
/ About Humanetics
Our Mission: Protecting Humans in Motion
Humanetics is an Industrial technology group, and a leading
provider of safety systems, crash test dummies (ATDs), simulation
software (RAMSIS), CAE models, human body models, complete line of
passive & active safety SW & testing solutions, precision
sensors, fiber optics and laser material processing solutions. The
group is organized into three divisions (Safety, Digital and
Sensors) focused on precision engineering and software development
that puts humans at the heart of industrial design. The group has
over 1000 employees located in facilities worldwide, with our
global corporate headquarters in Farmington Hills, Michigan, USA.
Forward Looking Information
This information contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 with respect to the acquisition, including statements
regarding the benefits of the acquisition and the products and
markets of each company. These forward-looking statements generally
are identified by the words "believe," "project," "expect,"
"anticipate," "estimate," "intend," "future," "opportunity,"
"plan," "may," "should," "will," "would," and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements including but
not limited to: (i) the risk that the acquisition may not be
completed in a timely manner or at all; (ii) the failure to satisfy
the conditions to the consummation of the acquisition, including
the receipt of certain governmental and regulatory approvals; (iii)
risks that the proposed transaction disrupts current plans; (iv)
the occurrence of any event, change or other circumstance that
could give rise to the termination of the acquisition agreement;
(v) the ability of the companies to finalize the details of the
planned partnership; (vi) each company's ability to integrate the
other company's technology with its own successfully; (vii) the
companies' abilities to market solutions as a result of the
partnership; (viii) risks related to having little or no rights to
participate in Humanetics' affairs; (ix) the ability of Ansys to
implement its plans, forecasts, and other expectations in
connection with Humanetics' business and planned partnership after
the completion of the acquisition and realize additional
opportunities for growth and innovation; and (x) adverse changes in
the economic and political conditions in the regions in which Ansys
and Humanetics operate. In addition, please refer to the documents
that Ansys files with the SEC on Forms 10-K, 10-Q and 8-K. These
filings identify and address other important risks and
uncertainties that could cause events and results to differ
materially from those contained in the forward-looking statements
set forth herein. Forward-looking statements speak only as of the
date they are made. Readers are cautioned not to put undue reliance
on forward-looking statements, and Ansys assumes no obligation to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise.
ANSS–C
/ Contacts
Media
|
Mary Kate
Joyce
|
|
724.820.4368
|
|
marykate.joyce@ansys.com
|
|
|
Investors
|
Kelsey DeBriyn
|
|
724.820.3927
|
|
kelsey.debriyn@ansys.com
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ansys-announces-deeper-collaboration-with-humanetics-to-enhance-human-safety-302041342.html
SOURCE Ansys