Under the arrangement, Lamprell will offer its oil and gas and renewables clients a service combining Akselos’ finite element solutions with its EPCI capabilities and asset integrity digital solutions.
CEO Christopher McDonald said the combination would “provide a level of predictability that is state-of-the-art.
“Further, this collaboration complements our previously announced partnership with Injazat, [wholly owned by Mubadala Investment Co.], where we are also working on a portfolio of technology-enabled digital ventures to create value for target customers, primarily in the MENA region.”
Thomas Leurent, Askelos CEO, added: “Our patented technology is based on a mathematical breakthrough that has led to near real-time simulations of limitless scale – something far more sophisticated than a conventional digital twin.”
Akselos was founded as an MIT start-up in 2012. According to Lamprell, it has created the world’s fastest and most advanced engineering simulation technology, helping major organizations protect large and complex assets with real-time structural digital twins (Digital Guardians).