Market Insights by SEG: 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 Multiple 260.9x

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. 

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