Engineering company completes share acquisition
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LMS International product story
Edited by the Engineeringtalk editorial team
May 28, 2007
LMS International, the engineering innovation company, today announced that it has completed the acquisition of the shares owned by the private shareholders of IMAGINE.
LMS International has completed the acquisition of the shares owned by the private shareholders of Imagine.
LMS will now proceed with making a public offer to buy the remaining 7% of the shares of Imagine, which are in the hands of the public through the listing on the Marche Libre of Euronext Paris.
As the due diligence procedure is now completed, LMS has fixed the acquisition price at Eur 32 per share.
The public shareholders will be individually informed on the conditions proposed by LMS and the practical arrangements with regard to the acquisition of the public shares.
As soon as the contemplated acquisition of the public shares is completed, LMS intends to request the delisting of Imagine from the Marche Libre of Euronext Paris.
Through the acquisition, LMS is extending its current solutions portfolio for functional performance simulation and physical testing, delivering a complete set of applications to model, simulate and test the real-life behaviour of mechanical and mechatronic intelligent systems.
LMS also becomes the first and only provider in the industry to deliver system simulation solutions that truly support all phases of product development - from the concept and the detailed design stages, through the final refinement and physical prototype validation stages.
"Both LMS and Imagine received very positive feedback from their respective customer communities on the acquisition", commented Dr Urbain Vandeurzen, Chairman and CEO of LMS.
"Manufacturing companies strongly value the combination of Imagine's 1D multi-domain system simulation for intelligent mechanical and mechatronic systems with LMS' portfolio of 3D simulation software and physical testing systems".
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