Manufacturing Industry
PLM vendors get busy, aim highon the M&A front.
Manufacturing Business Technology, August, 2006
By Staff There's been some high-end shopping in the product life-cycle management (PLM) software market, but this time the activity centers around vendors buying each other. Cambridge, Mass.-based Daratech , which closely follows the PLM market, notes that deals were especially high in the first quarter of the year, with mergers and acquisitions (M&A) aimed at creating greater economies of scale, broader reach, and new opportunities to cross sell.
According to Charles Foundyller, Daratech president, "Larger companies need growth to create stakeholder value, which can be done either through sales or acquisitions." Here's a look at recent M&A activity-either in progress, or completed-in the PLM arena: PTC will acquire Mathsoft,...
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