Dassault Systèmes To Acquire Spatial’s ACIS Business

Dassault Systèmes has announced the signing of an agreement whereby Dassault Systèmes plans to acquire the 3D software components business of Spatial for $21.5 million in cash.

Dassault Systèmes has announced the signing of an agreement whereby Dassault Systèmes plans to acquire the 3D software components business of Spatial for $21.5 million in cash.

The 3D software component business of Spatial will become part of a new wholly-owned subsidiary of Dassault Systèmes, which will retain the Spatial name. Michael Payne, current CTO of Dassault Systèmes, will become the CEO of this new subsidiary, and Dick Sowar, CTO and Chairman of Spatial, will continue in his leadership role in the new company.

The acqusitition will be slightly dilutive to Dassault Systèmes’ earnings per share.

The portions of the current Spatial company that are not in the 3D software components business will assume the company name PlanetCAD, Inc. PlanetCAD, Inc. will continue to execute on its Internet strategy, focused on its PlanetCAD.com Web portal targeted at manufacturing and design engineers.

Dassault Systèmes will be a strategic provider of 3D software components for PlanetCAD and PlanetCAD will provide Web services and technologies to the extended Dassault Systèmes enterprise.

Information about Dassault Systèmes is available at http://www.dsweb.com.

Information about Spatial is available at http://www.Spatial.com