Gamma Technologies to acquire Swiss software portfolio
WESTMONT -- Gamma Technologies, a global innovator in multi-physics system simulation software, said Thursday it has entered into a definitive agreement to acquire the FEMAG software portfolio from a Swiss partnership.
Financial terms of the acquisition were not released.
The FEMAG software will extend Gamma Technologies' system simulation platform capabilities for electric machines, the company said. FEMAG technologies enable the study and rapid optimization of performance, efficiency and noise-vibration effects across the entire operating range for various AC/DC motors.
Through over three decades of research and development, and collaboration with industry leaders and academic institutions, the software portfolio is being purchased from ProFEMAG AG and Semafor Informatik and Energie AG of Basel, Switzerland.
Gamma's new Global Center of Excellence for Electric Machines in Basel will be an innovation hub for the continued research, development and deployment of multi-physics simulation technologies, it said.
"Electric machines play a fundamental role in engineering our imagined future around sustainable mobility, and as industry leaders, our goal at GT is to continue to broaden and deepen our suite of integrated products to make system simulation a seamless end-to-end experience for our user community," stated Dimple Shah, president and CEO of Gamma Technologies.