Altair Makes Acquisition, Sees Product Development Group Grow

TROY — The Troy-based engineering technology provider Altair said Thursday that its product development group, Altair ProductDesign, has reached a new milestone having expanded to more than 800 engineering and design staff across the world. The group has doubled its employee count during the last 10 years.

Altair also announced Garching, Germany based FluiDyna GmbH, a renowned developer of fluid dynamics and numerical simulation technologies.

The companies will collaborate to develop graphics processing unit-optimized computational fluid dynamics applications for aerodynamics and multi-phase flows in complex geometries. In addition to a technology roadmap to release a new virtual wind tunnel technology later this year, Altair will be the exclusive worldwide reseller of FluiDyna’s ultraFluidX and nanoFluidX CFD technologies.

For computational intensive disciplines like CFD, FluiDyna’s technology to use graphics processing units as massively parallel processors is less expensive, faster and significantly more energy efficient than central processing units. FluiDyna specializes in the development and application of GPU-optimized numerical methods to rapidly solve complex fluid flow and thermodynamics problems. The company’s commercial product offerings include ultraFluidX for aerodynamics simulation and nanoFluidX for particle-based fluid dynamics simulation.

In addition to reselling ultraFluidX and nanoFluidX, Altair will soon launch and provide access to these technologies through its popular Altair Partner Alliance program to its HyperWorks clients globally.

For more information, please visit www.fluidyna.com and
www.altairhyperworks.com.

As for the product development group, Altair said its growth has been fuelled by a combination of expansion into new territories, diversification into new industry sectors, the acquisition of a number of large engineering programs in the automotive and aerospace markets and the huge success of the company’s onsite technical staffing business.

Altair, which is currently celebrating its 30th year in business this year, began life as a product development consultancy in Michigan. Although the company is now perhaps best known for its HyperWorks suite of simulation tools, the Altair ProductDesign group remains a significant and growing part of the business.

The group now stands at more than 100 engineers in Europe, more than 200 in Asia and almost 500 across the US either operating from Altair’s own offices or working onsite at client premises alongside their own engineering and design teams.

“The growth within Altair ProductDesign is a testament to Altair’s value as a complete solution provider,” said Mike Heskitt, COO, Altair ProductDesign. “Having a strategic services business as a key division within Altair makes us uniquely placed amongst other simulation companies. We don’t just create engineering tools, we use them and push them to their limits every day for the benefit of our clients.”

Altair ProductDesign uses simulation to create unique and efficient designs. In particular, optimization and weight reduction are a specialty that has allowed the group to expand to serve a rapidly increasing set of manufacturers tackling ever tighter regulations on emissions and energy usage.

“For more than 20 years, Altair has been a pioneer in the development of design optimization tools that identify redundant material in a product,” Heskitt said. “The Altair ProductDesign group utilizes these tools to find ways of removing material from the component level, all the way up to system level structures. Tougher regulations in the US and beyond along with the ongoing need for companies across all industries to minimize material use, has allowed us to develop our team’s skills in this rapidly expanding domain.”

Privately held with more than 2,300 employees, Altair operates more than 40 offices throughout 22 countries. Today, Altair serves more than 5,000 corporate clients across broad industry segments. To learn more, visit www.altair.com and www.altairproductdesign.com.

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