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Lincoln International Advises Livermore Software Technology on Sale to ANSYS
Monday 16 September 2019

16 September 2019 - US-based mid-market investment banking advisory firm Lincoln International advised Livermore Software Technology Corp. on its pending acquisition by US-based engineering simulation software provider Ansys (NASDAQ: ANSS), the firm said.

The purchase price for the transaction is USD 775m, 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.

The transaction is expected to close in 4Q19, subject to customary closing conditions and regulatory clearance.

Founded in 1987 and headquartered in Livermore, CA, LSTC is a provider of explicit dynamics and other advanced finite element analysis technology.

LSTC's solution, LS-DYNA, a highly scalable multiphysics solver, accurately predicts and simulates complex real-world problems for the automotive, aerospace, civil engineering, defense, manufacturing and biomedical industries, among others.

Once closed, the acquisition will enable ANSYS to significantly advance the existing integration of LS-DYNA into the ANSYS Workbench environment, providing ANSYS customers seamless access to an even wider range of advanced simulation technology. 

The combined company's strengths in simulation for structures, fluids, electromagnetics, optics, safety and machine learning will deliver a powerful solution for autonomous and electric vehicles to global automotive manufacturers and their suppliers.

Lincoln International acted as the exclusive financial advisor for LSTC, working closely with the company's management team and shareholders throughout the sale process.
Date Published: 16/09/2019
Target: Livermore Software Technology Corp
Country: USA
Deal Size: 775m (USD)
Sector: Computer Software
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Buyer: Ansys