Pretoria, 18 Aug 2015
AltX-listed engineering company, Ansys, has announced it has successfully completed the acquisition of Parsec Holdings. Parsec develops technology-driven engineering solutions for the same markets in which Ansys operates, namely mining, industrial, telecommunications and defence. The merger provides increased manufacturing capacity and expertise, which will enable the merged entity to develop cutting-edge engineering solutions for both existing and potential customers.
"Our complementary product offerings are perfectly aligned," says Rynier van der Watt, head of Strategy, Mergers and Acquisitions for Ansys. "With the diversification and strengthening of our offerings, Ansys is well positioned to take advantage of new synergies and increased capacity to service the markets in which we operate. Our workforce has been significantly strengthened, combining decades of experience and expertise in development, design, integration and manufacturing."
"Within this context, the Parsec acquisition meets key criteria for enhancing our intellectual property and technology development capabilities," says Ansys CEO Teddy Daka. "It also reinforces our long-term commitment to investment in research and development that is aimed at meeting our customers' ever-developing needs."
In Parsec, Ansys has found a partner that shares its vision and passion, as both companies aim to enhance the competitiveness of their clients. The newly merged entity expects to see continued growth throughout the vertical markets that the company serves. Increased and improved capabilities and a broader product spectrum, having included information security as an offering, will also increase Ansys' ability to weather uncertainties in the markets that it serves.
"The strategy of diversifying our segment operations and our business risk will help to achieve continuity in both operations and profit-generation capability throughout the company," says Daka.
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