Dassault Systemes to acquire Gemcom
2012-04-30Dassault Systemes has announced its intent to acquire Gemcom for approximately US$360 million. After the closing of the transaction, Gemcom's 360 employees and management will remain in place and continue serving the mining industry. Rick Moignard will become the CEO of the newly created GEOVIA brand, after completion of the Gemcom acquisition.
By leading the new GEOVIA organization, Gemcom's management will champion the further development of Dassault Systemes' strategy of modeling the natural world. In addition, Gemcom's current offices will further extend the overall geographic reach of Dassault Systemes in Australia, Africa, Canada, South America, Kazakhstan, Mongolia, Indonesia, and Russia.
Bernard Charles, President & CEO, Dassault Systemes said, "With the acquisition of Gemcom, coupled with our 3D Experience platform capabilities, our objective is to model and simulate our planet, improving predictability, efficiency, safety and sustainability within the Natural Resources industry and beyond. To support this ambitious goal, we have created a new brand, GEOVIA. Raw material provisioning and long term resource availability is a major concern for society. Today's announcement is a significant step towards fulfilling our purpose of providing 3D experiences for imagining sustainable innovations to harmonize products, nature and life."
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