ESI acquires Dynamic Software

The acquisition of Dynamic Software meets ESI Group's global strategy. Both companies complement each other in terms of market, know-how, and customer installed base. This acquisition reinforces ESI Group unique position as a leading provider of a complete solution for simulating the stamping processes. In addition, it broadens ESI Group's capabilities in the promising market of tool design.

Founded in 1990, Dynamic Software develops and markets OPTRIS, also called the "Virtual Press" a complete and highly accurate sheet metal forming simulation tool. OPTRIS clients include major car manufacturers such as Daimler-Chrysler, Ford, PSA Peugeot Citroen, Renault, and Subaru as well as many of their suppliers and subcontractors. Worldwide sales of OPTRIS have reached over $2 million in 1999.

The Dynamic Software team will start immediately developing the next generation of stamping simulation software, merging the benefits of both OPTRIS and PAM-STAMP (ESI Group's existing stamping package) and building on the experience, research and expertise of both teams. The new product will be fully integrated in ESI Group suite of stamping products.

This transaction is adding 18 new employees to ESI Group's 250 employees worldwide. ESI Group has doubled its revenues over the last 4 years and reached $26 million in the 1998 fiscal year. ESI Group's software is used by a wide range of industries including aerospace, automotive, consumer goods, defense, electronics, energy, heavy industry and railways. Major customers include: Alstom, Aerospatiale, BMW-Rover, Ford, Framatome, General Motors, Honda, Hyundai, PSA Peugeot Citroen, Renault, Toyota, Usinor-Sollac, and the Volkswagen group.

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