SEG Sector Deals: Dassault Systemes acquired Exa Corporation

Dassault Systemes, a provider of project life cycle management solutions, acquired Exa Corporation, a global innovator in simulation software for product engineering, for $381.9M (5.3x EV/Rev). The acquisition will strengthen Dassault’s simulation portfolio, particularly expanding Dassault’s 3DEXPERIENCE platform to provide fluid simulation technologies, fully industrialized solutions and experienced simulation professionals.

Brief Transaction Details:

Total Transaction Value (m)$404.3
Enterprise Value (mm)$385.90
TTM Seller Revenue (m)$72.70
TTM Seller EBITDA (m)$1.50
TTM Revenue Multiple 5.3x
TTM EBITDA Multiple260.9x
Seller Business Description:

EXA Corporation develops, sells, and supports simulation software and services primarily for vehicle manufacturers worldwide. HQ: Burlington, MA.

Buyer Business Description:

Dassault Systemes develops and markets 3D and product life cycle management solutions. HQ: Providence, RI.  See Press Release.