Mavericks Simulation Acquiring Neosim AG For 58 Cr. Know Details

TL;DR

• Maverick Simulations Solutions is acquiring Neosim for Rs 58 crore. This is a share swap deal with Maverick issuing shares at 353,658 CCPR shares @ Rs 1,640 per share.

• The total acquisition amount goes to Rs 58 crore. Valuation cap of a maximum of Rs 780 crore at an estimated FY25 PAT of Rs 65 crore (+/-5%).

• If profits are less than Rs 65 cr. Then, the proportionate valuation will decrease. But if profit is more than 65 Cr., then valuation will not change.

• Maverick has called for EGM to approve Neosim acquisition.

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Popular engineering and product development company Mavericks Simulation Solutions is planning to acquire a Swiss company for Rs 58 crore. For this, the company has announced an Extraordinary General Meeting (EGM) on 6th July, 2026. 

Let’s understand why Maverick is acquiring Neosim AG, the deal structure, and Neosim AG's market valuation.

What Does Neosim AG Do?

Neosim AG is a Switzerland-based engineering and simulation company operating in advanced product development, digital engineering, and virtual testing and simulation technologies. This company helps industrial businesses (especially in the medical sector) reduce development costs, improve product performance, and innovate faster. 

Maverick Neosim’s Acquisition Deal Structure

Points to note for this deal

1. The transaction will be done through a share swap and not any cash consideration. 

2. To complete the transaction, Maverick plans to issue 353,658. Compulsorily convertible preference shares (CCPS) at Rs 1,640 per share. This is approximately worth Rs 58 crore.

3. The acquisition will be done in two stages. In stage one, 70% of ordinary shares of Neosim will be transferred and converted to “Series A CCPS." In Stage 2, the remaining 30% will be transferred in the same way after completing the 1st stage transaction.

Maverick’s Valuation Implied At A Maximum Of Rs 780 Crore

The most important part of the Neosim AG valuation is that Maverick is issuing its shares. As this is not a cash deal, we can check the valuation with the number of shares issued. 

Maverick plans to issue 353,658 Series-A CCPS at Rs 1,640 per share to acquire Neosim AG. The EGM notice mentions the conversion terms at a maximum valuation of Rs 780 Cr.

How was the Rs 780 Cr. valuation found?

This valuation is linked to Maverick achieving an estimated PAT of Rs 65 crore for FY25 with a 5% fluctuation. Here are some cases 

For eg. If Maverick’s FY 25 PAT falls below 65 cr., the conversion valuation will be reduced proportionately. With a 50 Cr PAT, the implied valuation will go to Rs 600 cr (12X multiple).

But if PAT outperforms Rs 80 crore, the implied valuation will remain a maximum of Rs 780 crore. 

So, this clause is brought to protect Neosim shareholders, who are getting downside protection in case Maverick doesn’t perform well, ensuring that the acquisition price remains fair if profits fall short. 

How is Neosim AG's acquisition strategically important for Maverick?

A) Immediate Europe Entry

Maverick will save its time and costs of entering a completely new market, as Neosim already has an established platform in Switzerland with existing customers, local expertise, and market access.

B) Customer base expansion

Maverick can now diversify its revenue beyond India with Neosim’s international customer relationships.

C) Stronger global positioning

After the acquisition, Maverick can position itself as a global engineering simulation company rather than just an Indian player.

D) Asset-light expansion

The acquisition is being completed with a share swap structure rather than a large cash payment. So Maverick is expanding globally while preserving cash.

This acquisition can have a significant impact on Maverick Simulation’s long-term growth, its financials, and investors who are planning to invest in Maverick Simulation solutions' unlisted shares.