Paris-based Dassault Systèmes, the 3DEXPERIENCE Company, will acquire full ownership of 3DPLM Software Ltd. (3DPLM), its joint venture in India with Geometric Ltd.
3DPLM, formed in 2002, comprises a talented team of 2,000 employees in India working on research and development and services related to Dassault Systèmes’ 3DEXPERIENCE platform and brand applications.
Becoming a fully integrated part of Dassault Systèmes’ global R&D will enhance the contribution and value-add of 3DPLM to Dassault Systèmes development projects, while offering even greater career development opportunities for its personnel.
“The full integration of 3DPLM into Dassault Systèmes is the result of this continuous investment and very successful partnership and also marks the next phase in the contribution of 3DPLM in our global R&D and strategic 3DEXPERIENCE platform journey,” said Dominique Florack, Senior Executive Vice President, Research & Development, Dassault Systèmes.
The transaction is part of a composite scheme whereby Geometric’s business is being transferred to HCL Technologies Ltd, while simultaneously merging Geometric Ltd. into 3DPLM thereby giving 100 percent ownership of 3DPLM to Dassault Systèmes.
Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported.
Geometric is a specialist in the domain of engineering solutions, services and technologies. fii-news.com
