This operation will enable two leaders and two complementary types of model representation in virtual engineering to come together: ESI, which has unique expertise in multi-domain solutions for virtual physical prototypes of components and assemblies of industrial products in a detailed 3D-4D space, and ITI GmbH, a specialist in the fast and accurate system simulation in the 0D-1D space. These different representations necessarily interface to each other and are intimately complementary when designing an integrated, dynamic and complex product such as an automobile in motion. This acquisition allows ESI to expand upstream its positioning in the industrial product manufacturing value chain. The advantage becomes critical and disruptive when innovation changes the system component interaction, which is increasingly common. ESI Group’s collaborative virtual engineering platform will provide direct access to a product’s functional features and enable more efficient and faster decisions to be made at the system level. We are very confident in this unique and disruptive operation’s value-creating potential, driven by the substantial and effective commercial and technological synergies in the short term and immediately accretive. The operation fully supports the strategic growth and profitability objectives of ESI.
Alain de Rouvray ESI Group’s Chairman and CEO
