LONDON Flomerics Group plc is to buy NIKA GmbH, an engineering fluid dynamics software company based in Frankfurt, Germany, which specializes in simulation tools for the prediction of fluid flow and heat transfer.
NIKA's computational fluid dynamics technology is derived from €8.5 million of product development investment, primarily in Russia. The technology should enhance Flomerics' (Hampton Court, England) existing product range and gives access to a wider potential customer base of design engineers outside Flomerics' existing core market.
The company says there is an opportunity to expand NIKA's sales immediately into countries such as the U.S. and the U.K. where Flomerics already has a strong presence.
NIKA's EFD product is a suite of Computational Fluid Dynamics (CFD) software simulation programs used as part of the design process for a variety of products including vehicles, home appliances and electronic equipment.
“The proposed NIKA acquisition helps Flomerics to consolidate our leading position in our core markets such as electronic thermal analysis, and at the same time opens up a whole new market opportunity in putting complex CFD technology into the hands of mechanical designers,” said, Flomerics' Chief Executive, Gary Carter.
Formed in 1999, NIKA employs over 70 people with the largest group being a team of 45 software developers based in Moscow.