Cadence to Acquire NUMECA to Expand System Analysis Capabilities With Computational Fluid Dynamics
January 20 2021 - 9:00AM
Business Wire
Significantly
expands multi-physics simulation portfolio with the addition of
proven CFD technology for the aerospace, automotive, industrial and
marine industries
Cadence Design Systems, Inc. (Nasdaq: CDNS) announced today that
it has entered into a definitive agreement to acquire NUMECA
International, a leader in computational fluid dynamics (CFD), mesh
generation, multi-physics simulation and optimization. The addition
of NUMECA’s technologies and talent supports the Cadence®
Intelligent System Design™ strategy and broadens its system
analysis portfolio with CFD solutions, servicing a fast-moving
market segment where accuracy, reliability and predictability are
paramount concerns for high-fidelity modeling.
NUMECA’s technology addresses the high-growth CFD market
segment, which has an estimated $1.6B TAM. The acquisition builds
on the momentum of recent Cadence system innovation developments
with the Clarity™ 3D Solver for electromagnetic (EM) simulation,
the Clarity 3D Transient Solver for finite difference time domain
(FDTD) system-level EM simulation and the Celsius™ Thermal Solver
for electrical-thermal co-simulation product introductions.
NUMECA’s technology will also contribute to Cadence best-in-class
system analysis solutions for integrated circuits (ICs), electronic
subsystems and full system designs.
NUMECA’s core competency in CFD encompasses many industries and
applications including aerospace, automotive, industrial and
marine, with its proven technologies adopted by industry leaders
such as NASA, ArianeGroup, Honda and Ford.
“Cadence continues to be at the forefront of innovation,
addressing real-world system design challenges by leveraging our
deep computational software expertise,” said Dr. Anirudh Devgan,
president of Cadence. “The acquisition of NUMECA’s proven CFD
technology and talented team complements Cadence’s finite element
analysis and other system innovation technologies and is another
successful step that will advance our customers’ ability to design
the exciting products of tomorrow.”
“Next-generation products and systems require comprehensive
multi-physics engineering solutions encompassing IP,
semiconductors, IC packaging, modules, boards, complex mechanical
structures and more,” said Tom Beckley, senior vice president and
general manager of the Custom IC & PCB Group at Cadence. “With
the addition of NUMECA’s technology to the Cadence portfolio, we
are broadening our system analysis capabilities and integrated
design solutions, addressing critical customer challenges in areas
such as internal and external flows, acoustics, heat transfer,
fluid-structure interaction and optimization.”
“Since our inception, NUMECA’s stated mission has been to
deliver dedicated CFD solutions to predict product and system
performance focused on the highest levels of reliability and safety
for our industry-leading customers’ most challenging designs,” said
Dr. Charles Hirsch, president of NUMECA. “We are very excited to
join Cadence, as we share a common culture of innovation in
computational software. Together, we will continue covering the
industrial challenges of our current market, while providing
creative system solutions to address the needs of next-generation
products.”
The terms of the transaction were not disclosed. The acquisition
is expected to be immaterial to revenue and earnings this year, and
close in the first quarter of 2021, subject to customary closing
conditions.
About Cadence
Cadence is a pivotal leader in electronic design, building upon
more than 30 years of computational software expertise. The company
applies its underlying Intelligent System Design strategy to
deliver software, hardware and IP that turn design concepts into
reality. Cadence customers are the world’s most innovative
companies, delivering extraordinary electronic products from chips
to boards to systems for the most dynamic market applications,
including consumer, hyperscale computing, 5G communications,
automotive, mobile, aerospace, industrial and healthcare. For six
years in a row, Fortune magazine has named Cadence one of the 100
Best Companies to Work For. Learn more at cadence.com.
About NUMECA
NUMECA is recognized as a worldwide provider of innovative
computational fluid dynamics (CFD) software, optimization and heat
transfer technologies. NUMECA software is used by designers, naval
architects, research engineers and product developers in aerospace,
marine, automotive, energy and power generation, allowing them to
reach superior product quality and performance at a reduced
engineering cost. Learn more at numeca.com.
Forward-Looking Statements
This press release contains forward-looking statements,
including statements regarding the expected benefits to Cadence,
its products and its customers from the acquisition and the
expected timing of the closing, that are based on current
expectations and preliminary assumptions that are subject to
factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
These forward-looking statements are subject to a number of risks,
uncertainties and other factors, many of which are outside
Cadence’s control, including the effects of the acquisition on
Cadence’s financial results and business, the ability to
successfully operate or integrate NUMECA into Cadence, the ability
to retain and integrate NUMECA employees into Cadence, the changes
in customer demands and markets and other risk factors set forth in
Cadence’s most recent reports on Form 10-K and Form 10-Q. Cadence
undertakes no obligation to update any forward-looking statement in
this press release.
© 2021 Cadence Design Systems, Inc. All rights reserved
worldwide. Cadence, the Cadence logo and the other Cadence marks
found at www.cadence.com/go/trademarks are trademarks or registered
trademarks of Cadence Design Systems, Inc. All other trademarks are
the property of their respective owners.
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