3D Software Company Dassault Systemes to Purchase Accelrys for $750 Million
The French company, Dassault Systemes, who is a major player within the 3D design software industry has announced this afternoon that they have entered a definitive agreement for the acquisition of Accelrys (NASDAQ: ACCL), in a deal involving only cash. Dassault will be paying $12.50 per share of Accelrys, which is a premium of close to 28% over today’s closing price of $9.72/share. The total value of the deal is close to $750 million.
Accelrys is headquartered in San Diego, CA, and is also a software company. They provide enterprise software within the scientific community for bioscience, chemical, and materials research. The main selling point of the deal is Accelrys’ software, which manages scientific data.
The World demands a new paradigm for sustainability where chemistry, materials and biology meet. This is what the virtual universes enabled by Dassault Systemes are delivering, capable of harmonizing products, nature and life, from imagination to industry solution experience, said Dessault Systemes CEO, Bernard Charles
If the shareholders approve the deal, it should close sometime in the second quarter of this year. Having said this, it appears that some shareholders may feel there will be other offers on the table, as the stock is currently trading in after hours at $12.58/share.
Dassault Systemes CEO, Charles, recently gave an interview to The Motley Fool, in which he stressed the company’s connections within the 3D Printing Industry, and stated that,
3D printing is truly transformative, in that it’s making possible manufacturing at a scale it couldn’t happen before, and it’s making possible very rapid turnaround time for prototyping and production, that wasn’t possible before.
This acquisition likely will not play a key role within the 3D printing ambitions of Dassault Systemes, however. Dassault Systemes stock is currently trading up on the day at €88.93.
Discuss this acquisition here: https://3dprintboard.com/showthread.php?1592-3d-Software-Design-Campany-Dassault-Systems-to-Acquire-Accelrys
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