Ansys acquires Motor Design; terms undisclosed
Ansys (NASDAQ:ANSS) has acquired Motor Design, a UK-based developer of electric motor design software.
Financial terms of the deal were not disclosed. The acquisition is unlikely to materially impact Ansys' consolidated financial statements in 2022.
Motor Design develops advanced software and tools for electric machine design. The addition of its Motor-CAD software to Ansys' existing portfolio will strengthen the latter's electric machine design offerings.