Engineering software company Altair has acquired Powersim, a top provider of simulation and design tools for power electronics including power supplies, motor drives, control systems and microgrids. The acquisition expands Altair’s electronic system design technology into the domain of power electronics. Price of the deal, announced March 3, was not disclosed. It includes PSIM, Powersim’s flagship product for design and simulation of power electronics and motor drives for various industrial applications.
“Powersim has established a powerful solution that has proven to reduce development costs and time-to-market for thousands of customers around the globe including major companies in the automotive, aerospace, consumer electronics and industrial applications sectors,” said James Scapa, founder and chief executive officer, Altair. “The addition of Powersim’s technologies and experienced technical team, who has deep domain knowledge in power electronics, rounds out Altair’s offerings for electric motor design and many other applications.”
“We are proud to have created a technology that has become a known brand in the market and leads the way in power electronics and motor drive simulation,” said Dr. Hua Jin, president and founder of Powersim, based in Rockville, Maryland. “Joining Altair will allow us to further expand use of our technologies to more organizations looking to accelerate their electronic design.”
Based in Troy, Michigan, Altair provides software and cloud solutions in simulation, high-performance computing, data analytics, and artificial intelligence. Powersim’s software will be integrated into Altair’s Electronic System Design suite with strong connections to a number of its related suites, said Altair. Among them are Altair Flux and Altair FluxMotor for motor and controller design, leveraging Altair Activate and PollEx Spice for device, circuit, and system level simulations; Altair Embed for embedded code generation; and Altair SimLab for combined cooling and thermal analysis. See www.altair.com.