Friday, December 16, 2011

LMS and SAMTECH join forces for market leadership in global aerospace and automotive industries

LMS and SAMTECH join forces for market leadership in global aerospace and automotive industries
Leuven, Belgium, August 24, 2011 - LMS International, the leading partner in test and mechatronic simulation today announced that it has acquired a 60% controlling majority position of SAMTECH, the Liège-based European provider of Computer Aided Engineering and structure analysis software. Under the leadership of Eric Carnoy as CEO, LMS SAMTECH will become the centre of the worldwide aerospace simulation business in the LMS Group. Including SAMTECH, LMS projects for 2011 combined revenues of 175 Million Euros or approximately 250 Million Dollars, and employs 1150 people over 35 countries. 

Founded in 1986 as a spin-off of the Aerospace Laboratory of University of Liège, SAMTECH develops and markets the general-purpose Finite Element Analysis (FEA) code SAMCEF, the Multi-Disciplinary Optimization platform BOSS quattro and the Open Integration Framework CAESAM. These core engineering software tools combined with Professional Applications answer to a wide range of industrial needs from the preliminary phases of design to the most advanced verification analyses. The software technology of SAMTECH has an unsurpassed reputation for its quality and reliability. It has been adopted by many major companies across all engineering disciplines as an integral part of their design process.
During the last twenty five years, the company has developed its aerospace and defense foundation (with AIRBUS, EADS, SNECMA SAFRAN Group, EUROCOPTER, ALENIA Aeronautica, THALES ALENIA Space, ONERA, SABCA, SONACA, TECHSPACEAERO, ESA, CNES, ...). More recently, important product diversifications were also started in the automotive sector (with TOYOTA Motor Corporation, PSA, RENAULT, DAIMLER ...), in wind energy sector (for example with ALSTOM, REpower, AREVA ...) or in mechanical engineering...
For Dr. Urbain Vandeurzen, Chairman and CEO of LMS International, the involvement of LMS in SAMTECH is a strategic next step in LMS' ambition to be the undisputed leader in Test, Mechatronic Simulation and, through SAMTECH, in Advanced Structures Analysis. The goal is to become the preferred engineering innovation partner for the leading Top Fortune 500 manufacturers in the automotive, aerospace and other advanced manufacturing industries; “LMS is truly unique in delivering mission-critical software and advanced engineering services for product innovation to the advanced high-tech mechanical and mechatronic industries. LMS combines hardware and software platforms for advanced testing with most complete 1D and 3D platforms for realistic mechatronic simulation and, with the help of SAMTECH, for advanced structure analysis. These solutions enable our customers to take full advantage of the emerging model-based system engineering approach, and to win by superior product innovation. We truly empower our customers by business transformation and next generation processes to develop more attractive, sustainable and smart products.
Over the past years, SAMTECH has enjoyed healthy double digit growth year after year, and has developed an undisputed leadership position for 3D simulation in the European aerospace industries. The worldwide global presence of LMS and its strong references across all high-end mechanical industries can further accelerate the deployment of SAMTECH's innovative software in Asia and the Americas. LMS and SAMTECH joining forces creates a win-win opportunity for joint customers across aerospace, automotive and other high-tech industries.
“Building on our outstanding results in 2010, 2011 will become an absolute record year in LMS' history with another year of 20% growth in revenues and record profits forecasted. With the addition of SAMTECH, LMS will be able to double its 2009 business level over a period of maximum 4 years.” Added Urbain Vandeurzen.
Freddy Meurs, Deputy General Manager of Meusinvest and Michel Tilmant, former SAMTECH Board President, "After a thorough review of all strategic alternatives the SAMTECH Board of Directors has approved the decision to join LMS. This is truly a unique fit for the international development of SAMTECH, representing excellent opportunities for our customers, staff and shareholders. The international sales network of LMS in Europe, in the Americas and Asia will boost the promotion and the sales capacity of SAMTECH's software and services business within all the key aerospace clients worldwide. Both companies have the same drive for innovation and growth. The fact that SAMTECH Liège will become the world centre for all further aerospace simulation business of the LMS Group activities is a sign of trust in the combined talent, competences and technologies of the SAMTECH team. We are looking forward to this next stage in the company's successful development.
For Dr Eric Carnoy, CEO of LMS SAMTECH;The powerful complementary between SAMTECH and LMS will greatly extend the SAMTECH leading company position in structural analysis, including linear and non-linear CAE simulation, structural optimization and coupled multiphysics. The unique combination of SAMTECH's simulation solutions with the LMS hybrid engineering portfolio creates tremendous value for really all manufacturing companies.
Together with SAMTECH, LMS becomes the first and the only provider in the industry to deliver a full and unique portfolio of test, mechatronic simulation and advanced structure analysis solutions for model-based system engineering, using 1D- and 3D simulation and supporting all phases of product development – from the concept to the detailed design stages, through the final refinement and physical prototype validation stages. With the unique combined strategies of LMS and SAMTECH, manufacturing companies can realize significant strategic competitive advantages.

About LMS
LMS, the leading partner in test and mechatronic simulation in the automotive, aerospace and other advanced manufacturing industries, helps customers get better products to market faster. With a unique combination of mechatronic simulation software, testing systems and engineering services, LMS tunes into mission critical engineering attributes, ranging from system dynamics, structural integrity and sound quality to durability, safety and power consumption. With multi-domain and mechatronic simulation solutions, LMS addresses complex engineering challenges associated with intelligent system design and model-based systems engineering. More than 1150 LMS professionals serve over 5000 manufacturing companies worldwide.
Over the last 25 years, SAMTECH software packages have been recognized by engineering departments and leading industries worldwide to be the reference in the linear and non-linear mechanical simulation world. SAMTECH is a major player in the Computer Aided Engineering (CAE) software industry and is the editor of the Finite Element Analysis (FEA) software SAMCEF, the first simulation software editor to efficiently mix Finite Elements (FEA) and Multi Body Simulation (MBS) techniques. The SAMTECH offer ranges from classical linear Finite Elements Analysis to advanced non-linear applications, thermal analysis and multi-disciplinary optimization. SAMTECH offers software platforms that encapsulate in a common Graphical Interface customers simulation processes and their own tools.
LMS Press Contacts:
Press Contacts:
Peter VandeborneVice-President Marketing and Corporate Communication
LMS International
Eva Moysan
Communication and Marketing Manager