Dassault Systemes acquires MatrixOne

Dassault Systemes, a provider of 3D and product lifecycle management (PLM) solutions, has signed an agreement to acquire MatrixOne, Inc., a provider of collaborative PLM solutions for the supply chain. Dassault Systemes will pay MatrixOne $7.25 per share in cash, representing a total transaction value of approximately $408 million.

The proposed acquisition, which has been approved by both companies’ boards of directors, is expected to be completed by the end of the 2006 second quarter, subject to customary closing conditions, including approvals by MatrixOne’s shareholders and regulatory authorities.

More than 850 companies, representing hundreds of thousands of users, work with MatrixOne’s solutions, including Alcatel, Celestica, GAP, General Electric, IBM, Intel, Johnson & Johnson, Nokia, Philips, Procter & Gamble, Qualcomm, Sony Ericsson, STMicroelectronics and Toshiba. MatrixOne has 488 employees and 26 offices in North America, Europe and Asia Pacific. For its most recent fiscal year ended July 2, 2005, MatrixOne reported total revenues of $124 million. Cash and cash equivalents totaled $98 million at December 31, 2005.

According to Bernard Charles, president and CEO of Dassault Systemes, the acquisition will advance his company’s roadmap to provide on-demand service-oriented solutions.



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