This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dassault Systemes buys Quintiq

PARIS (The Deal) -- French design and process management software maker Dassault Systemes SA has agreed to pay 250 million euros ($337 million) for Quintiq, a maker of production and supply-chain management software for the metals, mining and oil and gas sectors.

Quintiq, which is based in s-Hertogenbosch, Netherlands, is controlled by its senior management and led by co-founder and CEO Victor Allis. The business was founded in 1997 by five computer engineers and has made a profit every year since its inception.

Dassault said Quintiq will add product lines and "provides a new reach into industries such as metals, mining, oil & gas, rail, delivery and freight."

The acquisition it the latest in a series of bolt-on deals struck by Dassault to gain access to new technology and industries. The French company has agreed to more than $2.25 billion of acquisitions in the past five years, including January's $750 million agreed takeover of San Diego-based Accelrys Inc., a maker of software used in chemical and biological product life cycle management.

The acquisition of Quintiq was announced on the same day that Dassault revealed second-quarter revenue of 570 million euros, up 9% on the same quarter last year, and reaffirmed its full-year targets.

Quintiq has about 800 employees. Its software is used by industrial and manufacturing companies including arms maker BAE Systems plc, Deutsche Post AG logistics company DHL Express, cement maker Lafarge SA, and metals manufacturers ArcelorMittal and Aluminum Corp. of China Ltd.

Dassault will buy Quintiq through its Dutch subsidiary Dassault Systemes BV. The deal is subject to customary closing conditions, including antitrust clearances in Germany and Austria.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $132.54 0.00%
FB $80.54 0.00%
GOOG $540.11 0.00%
TSLA $247.73 0.00%
YHOO $43.48 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs