Keysight Technologies, a test and measurement company, plans to buy ESI Group, a virtual prototyping software vendor for the automotive and aerospace markets.
ESI Group’s software simulates product behavior during testing and real-life use. Its real-time digital twin solutions build virtual simulations using model-driven simulation and data-driven tests, enabling workflow automation and virtual manufacturing.
Completion of the acquisition of the controlling block of ESI shares is expected to take place during the fourth quarter of 2023 and the mandatory tender offer for the remaining shares of ESI Group will occur shortly thereafter.
“Keysight’s acquisition of ESI Group accelerates our strategy of providing software-centric solutions with virtual prototyping and advanced simulation capabilities,” said Satish Dhanasekaran, President and CEO of Keysight.