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Product category: Design and Development Software
News Release from: Flomerics
Edited by the Electronicstalk Editorial Team on 05 April 2007

Acquisition helps drive CFD software
sales

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Flomerics Group sales increased by 24% to US $27.8 million during 2006.

Flomerics Group sales increased by 24% to US $27.8 million during 2006, and profits before tax, amortisation of goodwill, exceptional items and share-based payments increased by 30% to $2.9 million A key factor in these results was the company's acquisition of Nika in July 2006

Global sales of Nika's "Engineering Fluid Dynamics" (EFD) software grew by 33% in 2006, and Flomerics believes that EFD is now the world's fastest-growing computational fluid dynamics (CFD) product.

Revenues excluding those resulting from the acquisition of Nika grew by 13% to $25.3 million.

Flomerics three main lines of business all achieved healthy rev