The holding company for the MAGMASOFT platform for simulation and virtual optimization of foundry and metallurgical processes recently acquired Flow Science Inc., the developer of the FLOW-3D® family of computational fluid dynamics (CFD) programs. No value was reported for the private transaction, concluded in December 2021.
Dr. Flender Holding GmbH, of Aachen, Germany, is the buyer. Its holdings include MAGMA Giessereitechnologie GmbH and SIGMA Engineering GmbH. The MAGMA products are used for design and optimization of cast metal parts, notably for automotive applications and mechanical engineering. The SIGMASOFT offers similar capabilities for injection molding processes.
The buyer explained that “there is a significant potential for synergies between the group of companies, especially in product development but also in marketing and distribution.
“Continuous and targeted improvements to the existing product portfolio and the development of new product offerings through the expanded team of experts are at the core of the strategy for this acquisition,” according to an announcement.
“We were always impressed by Flow Science as one of the pioneers in the CFD industry as well as the level of innovation and competition that they have brought to the market for over 40 years,” stated Dr. Erwin Flender. “For us, this acquisition strengthens our presence in the market and opens new doors for us in other markets and application areas.”
Flow Science Inc., Santa Fe, NM, supplies products that offer multi-physic solutions with diverse modeling capabilities, including fluid-structure interaction, moving objects, and multiphase flows.
“The best fit for our people, our customers, and our technology were at the heart of this agreement,” according to Flow Science CEO Dr. Amir Isfahani. “This acquisition not only lets us maintain what we value the most, but also provides an exciting opportunity for us to grow our market share and accelerate our development through continued collaboration within the Flow Science group of global companies, as well as now with MAGMA and SIGMA’s talented teams.”