Engineering software firm Ansys to acquire AGI for $700 million

Pittsburgh-based Ansys said the acquisition of AGI will help expand the company’s commercial space and government business. 

WASHINGTON — Ansys, a company that specializes in engineering simulation software, announced Oct. 26 it intends to acquire space data services provider Analytical Graphics Inc. for $700 million.

Pittsburgh-based Ansys said the acquisition of AGI will help expand the company’s commercial space and government business. 

AGI, based in Exton, Pennsylvania, operates the Commercial Space Operations Center, which tracks objects in orbit and analyzes the data to provide satellite operators with warnings of potential close approaches, or conjunctions. 

Ansys in a statement said its “mission based” simulation technology fills a demand in the space sector for digital models, testing and analysis software. 

The $700 million deal — to be paid two-thirds in cash and one-third through the issuance of Ansys stock — is expected to close in the fourth quarter of 2020 pending regulatory

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