Dassault Systemes acquires U.K.-based product durability firm
Safe Technology Ltd. developed fe-safe durability simulation suite for predicting product durability
VELIZY-VILLACOUBLAY, France—French 3D design firm Dassault Systemes says it has acquired British product durability analysis company Safe Technology Ltd.
Financial details of the deal were not released.
Based in Sheffield, U.K., Safe Technology has a number of major automotive and heavy equipment clients, including General Motors, Hyundai Motors, Harley Davidson Motor Co., Cummins Inc., Honda Jets and Caterpillar Inc.
It developed the fe-safe durability simulation suite for predicting product durability.
“Advanced fatigue and durability software solutions are an essential part of the product design process,” Dassault Systemes president and CEO Bernard Charles said in a statement about the acquisition.
“Safe Technology will enhance Dassault Systèmes’ SIMULIA structural simulation to predict and analyze product life quickly and accurately.”
The all-cash transaction was completed on Aug. 7, 2013.
Dassault Systemes is a subsidiary of the Dassault Group.