Industrial design software giant Dassault Systèmes has agreed to acquire Exa Corporation, a provider of simulation software for product engineering.

Exa is based in Burlington, Massachusetts-based, and Dassault Systèmes is headquartered in France, and is now believed to be the one of the largest software companies in Europe by revenue.

Under the terms of the merger agreement, a subsidiary of Dassault Systèmes will commence a tender offer within the next 10 business days to acquire all of the issued and outstanding shares of Exa common stock for a price of $24.25 per share payable in cash upon completion of the offer.  [Read more…] about Dassault Systèmes to acquire simulation software company Exa