Software Supplier Gemcom Acquired by Dassault

摘要

Dassault Systemes in late April announced an agreement to acquire geological modeling and simulation company Gemcom Software International for approximately US$360 million in a cash-only transaction. Privately-held Gemcom is headquartered in Vancouver and employs about 360 people. It has offices in Australia, Africa, Canada, South America, Kazakhstan, Mongolia, Indonesia and Russia. Dassault Systemes, created as a spinoff from parent company Dassault Aviation in 1981 as a venture to further capitalize on the aerospace company's CAD/CAM expertise, is a public company based in Velizy-Villacoublay, France, has a workforce of approximately 10,000 and reported 2011 revenue totaling $2.5 billion.