PRODUCTS, ENGINEERING TECH
PR Newswire | May 18, 2023
Ansys, the global leader and innovator of engineering simulation software, announced today that it has entered into a definitive agreement to acquire Diakopto. A provider of differentiated EDA solutions to accelerate integrated circuit (IC) development, Diakopto focuses on helping resolve critical issues caused by layout parasitics. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the second quarter of 2023. It is not expected to have a material impact on Ansys' consolidated financial statements in 2023.
Diakopto develops products that address the growing complexities and unintended effects of designing ICs in the modern era. Semiconductor designs increasingly employ advanced process node technologies, where interconnect parasitic effects limit the performance, reliability, and functionality of designs. Diakopto's market-leading products have been adopted by dozens of customers, including tier-one semiconductor companies, for a broad range of applications.
With the acquisition, Ansys will better enable design engineers to "shift left," and to detect interconnect parasitic problems early in the design cycle. Diakopto's products provide actionable analytics to guide designers to fix these problems – a capability that has not existed before. Through early identification and what-if analysis of parasitic problems, engineers can minimize costly iterations late in the design cycle – furthering cost and time savings.
"Diakopto's culture of strong engineering excellence and its innovative and highly differentiated products create a natural alignment with our organization. We are eager to welcome their team to the Ansys family," said Shane Emswiler, senior vice president of products at Ansys. "Incorporating Diakopto's unique methodology will support designers using Ansys to quickly and easily pinpoint the few elements, out of billions, causing bottlenecks. Designers can then optimize and debug designs more efficiently for enhanced IC performance and reliability, and accelerate time to market. The acquisition will complement Ansys' existing offerings for engineers at every level as Diakopto's intuitive and out-of-the-box experience doesn't require extensive training or complicated setups or configurations."
"Today's announcement brings together two like-minded companies on the forefront of innovation, and we are excited about becoming part of the Ansys family," said Maxim Ershov, CEO and CTO at Diakopto. "By joining forces with Ansys, we're confident that we can solve a broader set of problems in the chip design workflow together, strengthening offerings for our customers and driving more innovations in high-tech designs for data center, 5G, automotive, and mobile applications."
When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.
DESIGN, ENGINEERING TECH
Businesswire | April 26, 2023
Bowman Consulting Group Ltd. (the “Company” or “Bowman”) announced the firm was selected for a multi-year assignment to provide design engineering services for the Peoples Gas, Light and Coke Company (PGL) Safety Modernization Program (SMP) in Chicago. Bowman will provide a variety of engineering services for gas main design and installation, 3rd party utility plotting, field verification, line of lay walks, structural analysis, bridge support, survey, permitting and construction. The three neighborhood projects awarded to Bowman under the SMP include more than 100 miles of new mainline installation and nearly 70 miles of existing pipeline retirement. Prior to this award, Bowman has worked with PGL on more than 100 miles of new gas line installations.
“Bowman is well-established in the public utilities sector, and we are committed to increasing the contribution of this market to our overall revenue,” said Gary Bowman, Chairman and CEO of Bowman. “During the course of our long-standing relationship with Peoples Gas we have consistently delivered high-quality, cost-effective, and on-time solutions which is a primary reason they continue to engage us as new challenges emerge. This new multi-year, multi-million-dollar assignment evidences their trust in our ability to help them deliver on their commitment to provide safe, reliable, and environmentally sustainable access to natural gas in more communities across Chicago. We appreciate our relationship with Peoples Gas and look forward to it continuing well into the future.”
About Bowman Consulting Group Ltd. (Bowman)
Bowman Consulting Group Ltd. (Bowman), Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With 1,650 employees and 70 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com
DESIGN, ENGINEERING TECH
Globenewswire | May 02, 2023
NV5 Global, Inc., a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded $16 million in utility gas pipeline design and support services contracts by two prominent California gas utilities. NV5 will provide engineering design, plan review, permitting support, and municipal consulting services for asset integrity management and pipeline improvements to support the safe and reliable delivery of natural gas as follows.
A large California gas utility selected NV5 for $9 million in contracts to provide gas transmission design and pipeline support services for system integrity management and capital replacement projects. Under the scope of these agreements, NV5 will deliver engineering design, project management, construction management, traffic control, and permitting services to support the utility’s safety enhancement programs.
NV5 was also awarded $7 million in design, municipal consulting, and emergency services contracts by a major California gas and electrical utility. NV5 will review proposed municipal and state government infrastructure designs to identify potential conflicts with utility assets and support negotiations to mitigate risks to existing and proposed infrastructure. NV5 will also provide support services for emergency gas repairs to comply with municipal excavation permit requirements.
“Critical infrastructure to support transportation, water, communication, and energy distribution forms an intricate system of underground and above-ground assets and facilities with multiple owners, stringent safety and reliability obligations, and complex permitting requirements,” said Dickerson Wright, PE, Chairman and CEO of NV5. “NV5’s expertise supporting all facets of infrastructure for utilities, state governments, and municipal clients mitigates costly delays in infrastructure improvements and maintenance, while delivering a distinct competitive advantage for NV5’s pursuit of infrastructure projects.”
NV5 Global, Inc. is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: utility services, infrastructure engineering, testing, inspection & consulting, buildings & owner representation, environmental health sciences, and geospatial technology services. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com.