BEIJING, China, Oct 22, 2024 – ESI Group has officially terminated its partnership with AECC Beijing Institute of Aeronautical Materials and BJESITC (Limited Partnership), completing the sale of all its equity interest in AECC-ESI (Beijing) Technology Co., Ltd. as of July 31, 2024.
Although ESI Group no longer holds shares or participates in AECC-ESI (Beijing) Technology Co., Ltd., the company reaffirms its strong commitment to the Chinese market.
ESI Group will continue to operate and expand its wholly-owned subsidiary, ESI Group Beijing Co., Ltd., emphasizing its dedication to delivering cutting-edge solutions in China. This decision aligns with the company’s global strategy to focus on core markets and streamline its portfolio.
As a subsidiary of Keysight Technologies, ESI Group specializes in reliable, customized solutions using predictive physics modeling and virtual prototyping.
ESI Group emphasizes that all intellectual property, including patents, trademarks, copyrights, and trade secrets, remains fully owned by the company, ensuring its continued global control over its technological innovations.
About ESI
ESI Group, a part of Keysight Technologies, provides reliable and customized solutions anchored on predictive physics modeling and virtual prototyping expertise. Acting principally in automotive, land transportation, aerospace and defense, and heavy industry, ESI software enables engineers to simulate mechanical designs, smart manufacturing processes, and human-centric workflows to make better decisions earlier in the product lifecycle. Keysight is an S&P 500 company delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product lifecycle. For further information, go to: www.esi-group.com.
