August 20, 2024
ESTECO has completed its acquisition of Optimad Engineering, a company specializing in advanced engineering solutions, reduced order modeling and computational fluid dynamics. This strategic acquisition enhances the position of ESTECO in the simulation and analysis market, the company reports.
The integration of Optimad Engineering’s technologies with ESTECO's suite of digital engineering software solutions promises to offer capabilities by combining process automation, design optimization and simulation data management with the artificial intelligence (AI)-data-driven technology of Optimad. By combining strengths of both companies, ESTECO says it intends to deliver more comprehensive solutions to varioius industries.
“This acquisition marks a significant milestone in our 25 years of creating trailblazing digital engineering software,” says Carlo Poloni, president of ESTECO. “Specifically, Optimad Engineering’s expertise and technological advancements perfectly complement our mission to empower engineers and designers with the tools they need to innovate and excel.”
“Joining forces with ESTECO will allow us to leverage their extensive resources and global reach, accelerating the development of our AI data-driven technologies and expanding our impact on the industry,” says Haysam Telib, CEO of Optimad Engineering. “Our combined efforts will provide our clients with more powerful and integrated solutions, enhancing their ability to solve complex engineering challenges.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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