Dassault Systèmes to Acquire Exa Corporation

Regulatory News:

Systèmes (Euronext Paris: #13065, DSY.PA) (Paris:DSY) and Exa
Corporation (NASDAQ:EXA), a global innovator in simulation software for
product engineering, today announced the signing of a definitive merger
agreement for Dassault Systèmes to acquire Burlington,
Massachusetts-based Exa. Under the terms of the merger agreement,
unanimously approved by Exa’s Board of Directors, a subsidiary of
Dassault Systèmes will commence a tender offer within the next 10
business days to acquire all of the issued and outstanding shares of Exa
common stock for a price of $24.25 per share payable in cash upon
completion of the offer. This represents a fully diluted equity value
for Exa of approximately $400 million. Exa’s fiscal year ended January
31, 2017 and its revenue was $72 million.

With the addition of Exa, Dassault Systèmes’ 3DEXPERIENCE platform will
provide customers with a proven, diverse portfolio of combined Lattice
Boltzmann fluid simulation technologies, as well as Exa’s fully
industrialized solutions and nearly 350 highly experienced simulation
professionals. This set of solutions solves challenging fluids problems
faster and more accurately than traditional methods for aerodynamics,
aeroacoustics, thermal management, and a growing list of applications in
other industries.

Exa’s software is used by designers and engineers at more than 150
leading companies in transportation and mobility, as well as aerospace
and defense, natural resources, and others to evaluate highly dynamic
fluid flow throughout the design process. Customers include BMW, Tesla,
Toyota, NASA, Embraer, British Petroleum, and others. Nearly every
transportation and mobility…

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