ESI Acquires Efield

By DE Editors

ESI Group has acquired Efield, a Swedish company specializing in electromagnetic virtual simulation solutions.

Founded in 2006, Efield has developed a set of solutions for virtual simulation of electromagnetic emissions of electric or electronic installations or devices, with the objective of assessing electromagnetic interference or disruption. Based near Stockholm in Sweden, Efield is represented by resellers in Europe and Asia (Japan,  Korea, India and China). It employs only five people but has a high-profile client base that includes Saab AB, BAE Systems, Ericsson and the China Helicopter Institute.

According to ESI, the acquisition complements the company’s current electromagnetic offering, and addresses a fast-growing and increasingly regulated sector; one that is important because of the growing use of electronics in manufactured products.
 
The transaction is for 100% of Efields capital and is effective as of December 9. The companys annual revenue was approximately 0.4 million euros in 2010, with significant proportion from repeat sales to existing clients.

For more information, visit ESI.

Sources: Press materials received from the company and additional information gleaned from the company’s website.