Brussels, Belgium, October 10, 2012
Merodis, an independent financial services firm focused on mergers and acquisitions, capital raising options and related financial advisory services is proud to announce that it successfully executed the sale of e-Xstream engineering to US-based MSC Software.
Founded in 2003 as a spin-off of Université Catholique de Louvain, e-Xstream engineering (www.e-Xstream.com) is the leader in advanced materials simulation used across aerospace, automotive and many other innovative industries. The company’s Digimat software helps to engineer innovative material systems and help boost product performance. By employing material simulation, the testing required to validate advanced materials can be reduced to levels that allow the practical application of these materials in current designs.
Based in Santa Ana, California, MSC Software www.mscsoftware.com is the leader in multidiscipline simulation and helps companies improve quality, save time, and reduce costs associated with design and testing of manufactured products. MSC Software is one of the Ten Original Software Companies. MSC Software employs 1,100 professionals in 20 countries.
On 26th September 2012, MSC Software acquired e-Xstream in a private transaction. The details of the financial transaction were not disclosed. Dr. Roger Assaker, Co-founder & current CEO of e-Xstream said: “We are delighted to join forces with MSC Software thus boosting our global reach, and will continue our leadership in the area of advanced materials and composite simulation. We appreciated the smooth and efficient collaboration with Merodis throughout the entire process. Merodis’ skills, professionalism and strong commitment have undoubtedly facilitated this successful transaction.”
“Strong trust and intense collaboration between Roger and Merodis absolutely facilitated the whole of this sales process. Following a first successful M&A transaction led by Merodis in the CAE market in 2011, we were logically more than ready to leverage our mastered expertise in the CAE market place, and so we did!” said Patrick Michielsen.
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