ESI Group Announces the Sale of SYSTUS Software and Related Engineering Services to Framatome

RUNGIS, France--(BUSINESS WIRE)--Regulatory News:

ESI Group (Paris:ESI), a world-renowned supplier of simulation and virtual prototyping software for industry, announced today the sale of SYSTUS software and related engineering services to Framatome, with a planned closing on April 28, 2023. This sale is in line with the Group's continued focus on its core business – a key part of its strategic plan "OneESI 2024 - Focus to Grow".

The sale of SYSTUS software and related activities to Framatome, an international player in the nuclear energy sector, illustrates the Group's continued execution of its strategic plan to focus on its core business. This activity represented €1.2 million in license revenues, €3.2 million in associated services revenues, and 27 people in 2022. The main customers are EDF and Framatome.

This operation will allow Framatome to welcome recognized skills in mechanical calculations within its Technical and Engineering Department, thus accelerating the development of its "Bourgogne Calculation Center" whose building was inaugurated on March 6, 2023.

About ESI Group
Founded in 1973, ESI Group envisions a world where Industry commits to bold outcomes, addressing high stakes concerns - environmental impact, safety & comfort for consumers and workers, and adaptable and sustainable business models. ESI provides reliable and customized solutions anchored on predictive physics modeling and virtual prototyping expertise to allow industries to make the right decisions at the right time while managing their complexity. Acting principally in automotive & land transportation, aerospace, defense & naval, and heavy industry, ESI is present in more than 18 countries, employs 1000 people around the world, and reported 2022 sales of €130 million. ESI is headquartered in France and is listed in compartment B of Euronext Paris.
For further information, go to www.esi-group.com.
https://www.esi-group.com/company/who-we-are