Here at LSTC, nothing makes all of us happier than when our research enables more customers to imagine, design and implement ambitious projects that were previously impossible." I expect that the combination of Workbench and LS-DYNA will expand our user base by at least an order of magnitude. The ANSYS Workbench platform provides their customers with access to a uniquely broad portfolio of simulation technologies packaged into a user-friendly interface that is the envy of the industry. "ANSYS is the perfect home for LSTC's world-class team of scientists, mathematicians and engineers to continue advancing state-of-the-art, scalable and fully coupled, multiphysics computations. "As an ANSYS partner for nearly 25 years, I am excited to formally join ANSYS and contribute to their place as the leader in engineering simulations," said John O. I am personally thrilled for the opportunity to work more closely with this industry legend." Driven by the vision of its founder John Hallquist, LSTC has focused on customer success throughout its history. Additionally, this acquisition will enable ANSYS to significantly advance our existing integration of LS-DYNA into the ANSYS Workbench environment, providing ANSYS customers seamless access to an even wider range of advanced simulation technology. "Upon close, we expect our shared customer-centric approach, coupled with access to our combined portfolio of simulation solutions, will deliver enormous value to our mutual customers. "LSTC has been a decades-long ANSYS partner, and we have tremendous respect for the deep ties that they have built with their customers for more than 30 years," said Ajei Gopal, ANSYS president and CEO. The ability of LS-DYNA to scale to industry-leading levels on high-performance computers has propelled its usage outside of the automotive sector. LSTC's solutions are widely used in aerospace, civil engineering, defense, manufacturing, and the biomedical industries.
The combined company's strengths in simulation for structures, fluids, electromagnetics, optics, safety, and machine learning will deliver a powerful solution for autonomous and electric vehicles to global automotive manufacturers and their suppliers. LSTC counts the vast majority of tier one automotive suppliers among its customers. To do this, LS-DYNA simulates the behavior of the vehicle structure and all components including tires, seats, seatbelts, airbags, accelerometers, sensors, and batteries in a fully coupled mathematical framework.
The automotive industry has widely adopted Livermore, CA-based LSTC's gold-standard solution, LS-DYNA-a highly scalable multiphysics solver-to accurately predict a vehicle's behavior and the effects on occupants during a collision. In conjunction with the transaction, ANSYS anticipates obtaining new debt financing to fund all or a significant portion of the cash component of the purchase price. The purchase price for the transaction is $775 million, of which 60% of the consideration will be paid in cash and 40% will be paid through the issuance of ANSYS common stock to the current owners of LSTC. Once closed, the acquisition will empower ANSYS customers to solve a new class of engineering challenges, including developing safer automobiles, aircraft, and trains while reducing or even eliminating the need for costly physical testing.
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12 that it has entered into a definitive agreement to acquire Livermore Software Technology Corporation (LSTC), a provider of explicit dynamics and other advanced finite element analysis technology. PITTSBURGH, PA- ANSYS, a global provider of engineering simulation software, announced Sept.