TROY, MI – Altair acquired Powersim, provider of simulation and design tools for power electronics, including power supplies, motor drives, control systems, and microgrids.
This acquisition includes PSIM, Powersim’s flagship product for design and simulation of power electronics and motor drives.
“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 R. Scapa, founder and CEO, 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, Powersim. “Joining Altair will allow us to further expand use of our technologies to more organizations looking to accelerate their electronic design.”
Powersim’s software will be integrated into Altair’s Electronic System Design suite. It will be available via Altair Units.
No financial terms were disclosed.
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