VÉLIZY-VILLACOUBLAY, France — July 12, 2012 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DExperience Company, world leader in 3D design, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today confirmed the completion of the acquisition of Gemcom Software International (Gemcom), initially announced on April 26, 2012.
Upon the agreement, Dassault Systèmes acquired 100% of geological modeling and simulation company Gemcom for approximately US$360 million, in an all cash transaction. Gemcom is expected to be immediately accretive to Dassault Systèmes non-IFRS earnings and neutral to its non-IFRS operating margin.
Headquartered in Vancouver, Gemcom is the world leader in mining industry software solutions, with $90 million revenue in 2011 and 2,200 customer locations.
Rick Moignard, former CEO of Gemcom, becomes the CEO of the newly created GEOVIA brand. Gemcom’s 360 employees and management remain in place and continue serving the mining industry. By leading the new GEOVIA organization, Gemcom now champions the further development of Dassault Systèmes’ strategy of modeling the natural world, expanding 3DEXPERIENCE to Nature.
Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating 'virtual twin experiences’ of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production.
Dassault Systèmes’ 20,000 employees are bringing value to more than 300,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit https://www.3ds.com