Keysight to buy ESI Group

Keysight Technologies said it will acquire France-based ESI Group for 913 million euros ($995.81 million). #pressrelease

June 29, 2023

1 Min Read

SANTA ROSA, Calif., and PARIS – Keysight Technologies, Inc. (NYSE: KEYS) announced its intention to acquire the entire share capital of ESI Group SA (Euronext Paris Symbol: ESI) ("ESI Group") at a price per share of 155 euros in cash. The acquisition values ESI Group's entire share capital at 913 million euros on a fully diluted basis. Founded in 1973, ESI Group is a leading innovator of virtual prototyping solutions in automotive and aerospace end markets.

ESI Group's sophisticated software solutions simulate a product's behaviour during testing and real-life use. The company's portfolio is highly differentiated, with predictive simulation technology for the most challenging system designs. ESI Group's real-time digital twin solutions combine model-driven simulation with data-driven test to create virtual simulations, and its immersive industrial solutions enable workflow automation and virtual manufacturing.

In today's era of digital transformation, product development across many industries is shifting left in the design cycle and becoming virtualized. Computer-aided engineering supports this shift left with virtual prototyping of products, manufacturing processes, and workflows.

By bringing ESI Group into its electronic design and test portfolio, Keysight will further expand its software prototyping capabilities into computer-aided engineering, enabling customers to accelerate time to market and lower operational costs, while reducing their environmental footprint.

Read the full press release here.

Keysight

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