Exa To Be Acquired By Dassault Systèmes In Approx. $400 Mln Transaction

(RTTNews) - Exa Corp. (EXA) announced its Board has agreed to be acquired by Dassault Systèmes in a transaction valued at approximately $400 million or $24.25 per share. A subsidiary of Dassault Systèmes will commence a tender offer within the next 10 business days to acquire all of the issued and outstanding shares of Exa common stock.

With the addition of Exa, Dassault Systèmes' 3DEXPERIENCE platform will provide customers with a portfolio of Lattice Boltzmann fluid simulation technologies, fully industrialized solutions and over 350 highly experienced simulation professionals.