ANSYS Announces Merger Agreement With Reaction Design - Quick Facts

(RTTNews) - ANSYS (ANSS) announced a definitive merger agreement with Reaction Design, a San Diego, California-based developer of chemistry simulation software. The transaction is expected to close in January, 2014. Reaction Design is the exclusive developer and distributor of CHEMKIN and CHEMKIN-PRO, the gold standard for modeling gas-phase and surface chemistry that provides engineers ultra-fast access to reliable answers that save time and money in the development process. Reaction Design serves more than 400 customers in the commercial, government and academic markets.

ANSYS announced its management will provide further details regarding the transaction and its impact on the 2014 financial outlook subsequent to the closing.