Product category:
PLM and collaboration software
News Release from: Dassault Systemes
Edited by the Engineeringtalk Editorial
Team on 30 April 2007
Dassault Systemes set to acquire ICEM
Dassault Systemes (DS) and ICEM have reached an agreement intended to allow Dassault Systemes to acquire ICEM.
Dassault Systemes (DS) and ICEM have reached an agreement intended to allow Dassault Systemes to acquire ICEM, thus extending Catia leadership to the broad and highly diversified styling communities The proposed acquisition, for an estimated price of Eur 51.4 million, should be completed in June, subject to specific closing conditions
This article was originally published on Engineeringtalk on 29 Jan 2004 at 8.00am (UK)
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The transaction, to be paid in cash, is expected to be nondilutive on DS non-GAAP earnings.
"Aesthetics and design quality create emotions and are key contributors to product success and brand recognition".
"With ICEM's set of technologies and expertise in this domain combined with DS' recognised leadership in 3D and PLM, customers will benefit from a new level of integrated process performance from styling concepts to final shape", says Bernard Charles, President and CEO, Dassault Systemes.
"High-quality design is an opportunity for DS' customers to innovate and differentiate themselves".
"Catia's cutting edge shaping capabilities provide competitive advantage for our customers in all industries".
"The transaction results from a strong partnership built upon our joint passion for design, innovation and commitment to customer excellence", says Lee Cureton, President and CEO, ICEM.
"Marrying ICEM's automotive and industrial design know-how with DS' PLM savoir-faire and market penetration is an exciting opportunity to expand the reach of ICEM's technologies to strategic markets, including aerospace, high-tech, luxury and consumer goods".
DS has invested massively in "capture and re-use" technologies allowing customers to create alternative designs and innovate.
The joined RandD forces will work together to create the next generation of concept styling and production surfacing solutions.
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