MADRID, Spain, December 9, 2016 /PRNewswire/ --
Next Limit, the Simulation Technologies Company, developer of cutting edge 3D software solutions for engineering, architecture, videogames and media and entertainment today announced the signing of a definitive share purchase agreement with Dassault Systèmes to sell its Next Limit Dynamics division, house of XFlow CFD, a leader in highly dynamic fluid flow simulation used in aerospace and defense, transportation and mobility, high-tech, energy and other industries.
XFlow software solutions are used by simulation analysts for accurate and robust simulation of highly dynamic fluid flow in order to solve challenging CFD problems faster than traditional methods. Customers include Airbus, Caterpillar, Doosan, Ford, Google X, Honda, Mitsubishi, NASA, Safran and Toyota.
"We believe the acquisition of Next Limit Dynamics by Dassault Systèmes is the best decision for our employees, customers and partners. This transaction presents us with the best strategic path for Next Limit's future success and profitability, and puts XFlow in position to achieve breakthrough business results with Dassault Systèmes," said Victor González, chief executive officer of Next Limit Group.
With this transaction, Next Limit will focus its resources and investment in developing cutting edge 3D simulation technologies for current and new markets such as virtual reality, big data, product design and others. By investing in these high growth areas, Next Limit can expand the breadth of our portfolio and attract new partners worldwide who depend on the company to deliver world-class solutions.
Realistic simulation - from early concept to late-stage validation - is a mandatory discipline for the successful creation of sustainable consumer experiences. XFlow's Lattice-Boltzmann method is used to predict and enhance the performance of complex designs. This methodology can help improve an automobile's fuel economy and lower its emissions, reduce the environmental noise of aircraft, and increase the efficiency of wind turbines for power generation.
This transaction was completed on December 7, 2016.
ABOUT NEXT LIMIT
Next Limit is a software development company founded in 1998 with corporate headquarters in Madrid, Spain. Next Limit has gained a world-wide reputation for providing cutting edge simulation technologies for a broad range of applications in Computer Graphics, Science and Engineering.
Next Limit's products include RealFlow (fluid and dynamics simulation for 3D visual effects), Maxwell Render (physically accurate light simulation and render engine) and CaronteFX (high fidelity physics for videogames). More information can be found at http://www.nextlimit.com.
SOURCE Next Limit Technologies