RTT Renowned 3D Innovator Acquired by Dassault Systemes
December 27, 2013
The article on 4–traders titled Dassault Systemes Announces Voluntary Public Takeover Offer to Acquire up to 100% of the Share Capital in Realtime Technology AG that seems to put Dassault’s recent search momentum on hold for more 3D. The company that they are buying, RTT, proclaims itself as a 3D leader for “exploring innovative ways for an emotive digital product experience across the entire product lifestyle.” This includes showroom concepts, storyboard development and visualization tools. The details of the acquisition are outlined in the article,
“The voluntary public offer is subject to the fulfillment of the condition precedent that the closing of the aforementioned private acquisition agreements occurs. All terms and conditions as set out in the offer document apply… RTT shareholders can only accept the voluntary public offer vis-à-vis their respective custodian bank as set forth in further detail in the offer document.”
The acceptance period for the offer began December 11, 2013 and will end January 29, 2014. It is even possible to read the entire offer document (in German) online. Dassault Systemes is considered the premier 3DEXPERIENCE Company in design software, and solution management. With 170,000 customers internationally ranging in size and industry, we expected Dassault to continue with their development of search, but this acquisition seems like a retreat into their comfort zone.
Chelsea Kerwin, December 27, 2013
Sponsored by ArnoldIT.com, developer of Augmentext
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