World leader in 3D design software, 3D digital mock up and product lifecycle management (PLM) Dassault Systèmes has stated its intention to acquire leading provider in manufacturing software solutions Apriso.
Dassault Systèmes, the 3DEXPERIENCE Company, announced the news yesterday (May 29th) and stated that the deal will be worth an approximate $205 million (£135.3 million, €158.1 million).
Dassault Systèmes and Apriso have entered into a definitive acquisition agreement whereby Dassault Systèmes will acquire Apriso in a cash transaction. The completion of the acquisition is subject to normal closing conditions, including regulatory approvals. The transaction is due to be completed in July 2013.
President and Chief Executive Officer (CEO) of Dassault Systèmes Bernard Charlès commented: "This acquisition will merge 3DEXPERIENCE and Apriso's solutions and deliver a new business experience to our customers.
"The question isn't simply, 'What is the next innovative idea?' but rather 'Can you produce your idea quickly, efficiently, and cost-effectively? Can you excel in global business responsiveness and local production agility?' These are the questions the 3DEXPERIENCE business platforms answers."
The acquisition of Apriso, which is headquartered in Long Beach, California, will enrich the global manufacturing operations management capabilities of the 3DEXPERIENCE platform, Dassault Systèmes stated.
Apriso expands Dassault Systèmes' 3DEXPERIENCE footprint across multiple industries, including life sciences, consumer goods, packaged goods, high tech, industrial equipment, transportation and mobility, and aerospace and defence. The solutions are currently used by a range of customers such as General Motors, L'Occitane, Lockheed Martin, Bombardier, Hitachi, L'Oreal, Volvo, Alstom and Cummins.
Director of Manufacturing IT Systems and Industrial Controls in the Cummins Corporate Manufacturing group Robert Borchelt said: "As a global power leader, Cummins designs and manufactures a wide range of products for a diverse set of markets and customers.
"We view the integration of product design and manufacturing operations software as a critical next step in accelerating new product introduction and in configuring our products to meet the needs of specific markets and customers. Product proliferation and globalisation are two key challenges in front of us and we believe the ability to manage products and processes globally is critical to our market growth plans."
Apriso will be integrated with and expand Dassault Systèmes' DELMIA application portfolio and the 3DEXPERIENCE platform's virtual+reality capabilities. The Californian business's solutions synchronise global manufacturing networks, offering real-time visibility and control over the business processes performed by plants and suppliers. These solutions establish a common set of operational standards that can be managed holistically on a global basis, while continuously improving and meeting local market and customer needs. By integrating these solutions with the 3DEXperience platform, customers will gain a comprehensive view of the business, from idea to design, to production and global product availability for consumers worldwide.
Apriso Predisent and CEO Jim Henderson stated how proud he and his colleagues are with the deal with the Dassault Systèmes deal.
He added: "Now in combination with Dassault Systèmes' leadership in 3DEXPERIENCE, we are closing the loop between design, engineering, manufacturing and consumer experience. Global manufacturers can now accelerate new product and process innovations into the global market."