Canonsburg-based Ansys will provide structural analysis to one of the world’s largest carmakers, Hyundai Motor Co., in an agreement announced Tuesday.
The deal will see Ansys (Nasdaq: ANSS) as Hyundai’s preferred supplier for the simulation of vehicle body systems using Ansys Mechanical and Ansys LS-DYNA tools. Financial terms of the deal weren’t disclosed but the companies said Ansys competed over the course of 18 months with others in the industry.
“To remain leaders in the increasingly technological industry, we must work closely with our partners to ensure our current and future needs are met,” said Hyundai executive Ill-Joo Noh in a statement. “Ansys demonstrated its excellent simulation performance meets our current and future requirements, proving it can operate at scale for complex solutions.”
Ansys, a member of the S&P since 2017, had revenue of $2.27 billion in 2023. It is being acquired by Synopsys Inc. in a deal with an enterprise value of $35 billion that is scheduled to close in the first quarter of 2025.
