PITTSBURGH, Sept. 11, 2019 /PRNewswire/ — ANSYS (ANSS), the global leader and innovator of engineering simulation software, announced today that it has entered into a definitive agreement to acquire Livermore Software Technology Corporation (LSTC), the premier provider of explicit dynamics and other advanced finite element analysis technology. 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. 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.

source https://finance.yahoo.com/news/ansys-ls-dyna-creator-livermore-223900581.html?.tsrc=rss