Dr. Flender Holding GmbH Acquired Flow Science, Inc. in December 2021

Dr. Flender Holding GmbH, owner of MAGMA Giessereitechnologie GmbH and SIGMA
Engineering GmbH, acquired 100% of the shares of Flow Science, Inc. in
December 2021.

The developer of the FLOW-3D® family of products, Flow Science is a globally
recognized and a successful provider of computational fluid dynamics (CFD)
solutions for a wide variety of engineering applications. With its broad
range of products and services, Flow Science will continue to operate as an
independent company as part of the Dr. Flender Holding group. The mutually
agreed acquisition ensures that all the management and staff at Flow Science
stay with the company under the leadership of its current CEO, Dr. Amir
Isfahani. Flow Science customers will see no changes or disruptions in their
products, licensing, or workflows.

“The best fit for our people, our customers, and our technology were at the
heart of this agreement. This acquisition not only lets us maintain what we
value the most, but also provides an exciting opportunity for us to grow our
market share and accelerate our development through continued collaboration
within the Flow Science group of global companies, as well as now with MAGMA
and SIGMA’s talented teams,” said Dr. Amir Isfahani, CEO of Flow Science.
“Our customers can expect an expanded product development pipeline as well
as the same best-in-class support that we have always strived to deliver.”

Overall, there is a significant potential for synergies between the group of
companies, especially in product development but also in marketing and
distribution. Continuous and targeted improvements to the existing product
portfolio and the development of new product offerings through the expanded
team of experts are at the core of the strategy for this acquisition.

“We were always impressed by Flow Science as one of the pioneers in the CFD
industry as well as the level of innovation and competition that they have
brought to the market for over 40 years. For us, this acquisition
strengthens our presence in the market and opens new doors for us in other
markets and application areas,” said Dr. Erwin Flender, Owner of Dr. Flender
Holding GmbH.

Flow Science, Inc. based in Santa Fe, New Mexico, USA, was founded in 1980
by Dr. C.W. (Tony) Hirt, one of the original developers of the VOF (Volume
of Fluid) method. This approach was expanded and perfected in FLOW-3D to the
TruVOF® technology, with cutting-edge and groundbreaking improvements in
speed and accuracy in the simulation of flow with different liquid and gas
interfaces. Today, Flow Science products offer complete multi-physic
solutions with diverse modeling capabilities, including fluid-structure
interaction, moving objects, and multiphase flows. Flow Science’s products
and services enable customers worldwide to solve the toughest CFD problems.

MAGMA Giessereitechnologie GmbH was founded in 1988 and is headquartered in
Aachen, Germany. MAGMA is a leading global provider of MAGMASOFT® programs
for the simulation and virtual optimization of foundry and metallurgical
processes. MAGMA products are used for the robust design and optimization of
cast components for all applications, especially in the automotive industry
and mechanical engineering. Worldwide, customers receive expert support
including engineering services and a wide range of training courses,
workshops and seminars provided by MAGMAacademy.

SIGMA Engineering GmbH improves and optimizes injection molding processes
with its simulation solution SIGMASOFT® Virtual Molding for 23 years. These
products enable the development and optimization of plastic components and
the corresponding tooling by considering the complete process. In this way,
high-performance products and cost-effective, resource-saving productions
are achieved from the first part. A large number of process-specific models
and 3D simulation technologies are integrated in SIGMASOFT® Virtual Molding,
which is continuously developed, validated and optimized. SIGMA offers
similar support to its customers as MAGMA and offers a special solution
service.

With the acquisition of Flow Science, Inc., the Dr. Flender Holding group
employs a total of 320 people worldwide. Its product portfolio now covers a
wide range of applications and industries. This includes metal casting and
metallurgical processes, civil and environmental, aerospace, automotive,
additive manufacturing, laser welding, micro- and bio-fluidics, plastics,
consumer products, electronics and chip making, maritime and energy.