Artisan Software Tools has acquired Germany-based Extessy, a
supplier of development tools for co-simulation, integration and
test.
It is the second acqiuisition in a short period for Artisan which
last month bought a UK systems engineering consultancy called Brass
Bullet.
“This is a significant next step in our ‘complex systems tools
market’ consolidation programme,” said James B. Gambrell, President
and CEO of Artisan Software Tools.
Attractive to Artisan is Extessy’s position as a supplier to the
German automotive market
Extessy, which was founded in 2000, offers software tools and
consulting services for embedded system development, and it derives
the bulk of its business from the German automotive industry.
The combined companies will significantly expand Artisan’s
operations in Germany and
Artisan will be
move its German headquarters from Munich to Extessy’s Wolfsburg
offices, while still retaining a regional presence in Munich.
According to Bill Esler, CEO of
Extessy AG: “Extessy will add
greatly to the solutions and services Artisan is able to offer to
its customers as well as considerably expand the opportunity to
continue to grow its market share.”