expands engineering simulation and optimization capabilities
TRIESTE, Italy, Aug 20, 2024 – ESTECO has announced the completion of its acquisition of Optimad Engineering, a company specializing in advanced engineering solutions, Reduced Order Modelling and computational fluid dynamics (CFD). This strategic acquisition enhances the position of ESTECO in the simulation and analysis market and broadens its product portfolio to better serve its global customer base.
The integration of Optimad Engineering’s cutting-edge technologies with ESTECO’s robust suite of digital engineering software solutions promises to offer unparalleled capabilities by combining process automation, design optimization and simulation data management with the AI data-driven technology of Optimad. By bringing together the strengths of both companies, ESTECO aims to deliver more comprehensive and innovative solutions to industries including aerospace, automotive, energy, and manufacturing to name a few.
Carlo Poloni, president of ESTECO, commented: “We are happy to welcome Optimad Engineering to the ESTECO team. This acquisition marks a significant milestone in our 25 years of creating trailblazing digital engineering software. Specifically, Optimad Engineering’s expertise and technological advancements perfectly complement our mission to empower engineers and designers with the tools they need to innovate and excel.”
Haysam Telib, CEO of Optimad Engineering, added: “This is an exciting new chapter for Optimad Engineering. Joining forces with ESTECO will allow us to leverage their extensive resources and global reach, accelerating the development of our AI data-driven technologies and expanding our impact on the industry. Our combined efforts will provide our clients with more powerful and integrated solutions, enhancing their ability to solve complex engineering challenges.”
The acquisition is expected to deliver substantial benefits to customers of both companies. ESTECO’s clients will gain access to Optimad Engineering’s sophisticated tools and engineering solutions, while Optimad Engineering’s customers will benefit from ESTECO’s expertise in optimization and simulation data management. The unified portfolio will provide a more cohesive and streamlined experience, enabling engineers to achieve higher levels of performance and innovation.
As part of the acquisition, Optimad Engineering will continue to operate from its headquarters in Turin, Italy, ensuring continuity of service for its clients. The integration process will be carefully managed to guarantee a smooth transition, with a focus on maintaining the high standards of service and support that both companies are known for. For more information about Optimad Engineering, visit optimad.it.
ESTECO is an independent software company, specialized in numerical optimization and simulation process and data management. For more information, visit engineering.esteco.com.
