Manufacturing Industry
newsdesk SOFTWARE: Acquisitions
Manufacturing Engineering, May 2008
IBM Corp. (Armonk, NY) announced that its has completed its acquisition of Telelogic AB (Malmo, Sweden, and Irvine, CA), in a transaction valued at approximately $845 million US (about five billion Swedish Krona). The tender offer was finalized after IBM obtained acceptance from 96.9% of stock ownership in Telelogic as well as satisfaction of other conditions of the offer, including worldwide regulatory approvals.
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Telelogic is a provider of software to develop technical systems and enterprise architecture. IBM and Telelogic will incorporate the company's solutions into a comprehensive offering for defining, modeling, building, testing, and delivering the software used in systems in aerospace and defense, telecommunications, electronics, automotive, and other industries.
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