Audax-backed Aavid purchases Qfinsoft Technology
Aavid Corp, a portfolio company of U.S. private equity firm Audax Private Equity, has acquired Qfinsoft Technology Inc. The financial details of the transaction were not disclosed. Based in Rossland, British Columbia, Qfinsoft is a developer of software for the simulation of fluid flow, thermodynamics, and combustion processes. The company was founded in 2002. Headquartered in Laconia, New Hampshire, Aavid is a designer and manufacturer of thermal management solutions. It was acquired by Audax in late 2012.
27 May 2015•2 mins read
