Emerson is acquiring 55% of AspenTech for $6 billion + stock
Last week, there was much speculation that Emerson Electric and AspenTech were in merger talks--that was real, and a deal has been reached. The headline is "Emerson to Accelerate Software Strategy to Capitalize on High Growth Industry Verticals and Technology Segments...
Quickie: Emerson buying AspenTech? Not so fast!
Bloomberg last night published a note that said that Emerson Electric Co. is in talks over a combination with Aspen Technology Inc. to create an industrial software giant, according to people with knowledge of the matter. Emerson is discussing a deal to merge its...
8 on a Wednesday? Yup. Quick notes on Rockwell/Plex, 3D Systems, Lectra, Hexagon, Autodesk, Altair, Propel and Procore
Things have been hopping here at Schnitger Corp global headquarters and we're way behind on blogging about important PLMish news. Before we get into earnings and capital market days, a quick catchup: Rockwell+Plex = done deal. Earlier this month, the companies...
Bentley adds to mining offering with Minalytix acquisition
Bentley just announced that its Seequent business has acquired Minalytix, a Canadian company that makes the MX Deposit suite of products. Minalytix was already partly owned by Seequent, though the press materials didn't say how much or reveal any financial details of...
ESI sets the stage with a decent Q2
ESI reported results today for the quarter ended 30 June that were ... decent. As you may know, ESI is in the middle of a transformation from a company that was somewhat random in its execution and communication with customers and investors, to one that aims to be...
Ansys adds Zemax optical imaging system simulation to its portfolio
Ansys has announced that it will acquire Zemax, maker of high-performance optical imaging system simulation solutions. The terms of the deal were not announced, but it is expected to close in the fourth quarter of 2021. Zemax's OpticStudio is often mentioned when...
Sandvik building CAM powerhouse by acquisition
Last year Sandvik acquired CGTech, makers of Vericut. I, like many people, thought “well, that’s interesting” and moved on. Then in July, Sandvik announced it was snapping up the holding company for Cimatron, GibbsCAM (both acquired by Battery Ventures from 3D...
Missed it: Sandvik also acquiring GibbsCAM, Cimatron & SigmaNEST
I missed this last month -- Sandvik also acquired Cambrio, which is the combined brand for what we might know better as GibbsCAM (milling, turning), Cimatron (mold and die), and SigmaNEST (nesting, obvs). These three were spun out of 3D Systems last year, acquired by...
Mastercam will be independent no more
CNC Software and its Mastercam have been a mainstay among CAM providers for decades, marketing its solutions as independent, focused on the workgroup and individual. That is about to change: Sandvik, which bought CGTech late last year, has announced that it will...
Bentley saw a rebound in infrastructure in Q2 but is cautious about China
Bentley continues to grow its deep expertise in various AEC disciplines — most recently, expanding its focus in underground resource mapping and analysis. This diversity serves it well; read on. In Q2, Total revenue was $223 million, up 21% as reported. Seequent...