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INVL Baltic Sea Growth Fund, managed by INVL Asset Management, and Galinta ir partneriai have acquired Cenos for an undisclosed amount. This corporate acquisition sees the investment fund and its partner take full ownership of Cenos, a company focused on democratizing simulation software for engineers. The transaction underscores a strategic move to capitalize on the growing demand for accessible and cost-effective engineering tools.
Cenos specializes in providing affordable and user-friendly simulation software by integrating open-source algorithms into a simple interface with focused applications. Its platform addresses critical industry needs such as Induction Heating, Antenna Design, Radio Frequency, Wireless Charging, and Electromagnetic Stirring and Pumping of Liquid Metals. By leveraging free open-source algorithms, Cenos offers solutions starting from $300 a month, enabling small to mid-size companies to significantly reduce design cycles and testing costs, promising up to 10x faster product delivery and 80% lower expenses compared to traditional methods.
This acquisition is strategically aimed at accelerating Cenos's growth and expanding its market reach. For INVL Baltic Sea Growth Fund, the investment aligns with its mandate to support innovative companies with strong growth potential in the Baltic Sea region. The combination of INVL's financial backing and strategic guidance with Cenos's proven technology is expected to enhance product development, allow for an expansion of its application portfolio, and strengthen its competitive position in the global simulation software market. The synergy will enable Cenos to scale its operations more rapidly and bring its affordable solutions to a wider audience of practical engineers.
The combined entity is poised to further innovate in the simulation software space, driving the adoption of accessible engineering tools across various industries. With the new ownership, Cenos is expected to accelerate its mission of making advanced simulation available for everyone, fostering greater efficiency and cost savings in product design and development globally.