Dassault takes majority stake in Centric Software
Summary
Dassault says the combination of Centrics PLM (product lifecycle management) tools and its own 3DExperience industry processes will create more business value for customers."As we are connecting the dots of the value network for customers in 12 industries and 70 segments, we understand the specific needs of the sectors that launch their products by collection," says Bernard Charlès, vice chairman and CEO, Dassault Systèmes."Centric Software is joining us with a market-leading, well-tailored, configurable PLM solution and a great team of experts fully dedicated to making these particular customers successful.Headquartered in Californias Silicon Valley and with offices in 13 countries, Centric Software provides product lifecycle management software solutions to around 600 brands globally, including Auchan, Belle China, Bestseller, Fast Retailing, Kering Group, Li & Fung, Loblaws, LVMH, Mango, PVH, Ruyi Group and Under Armour.Under the terms of the agreement, Dassault Systèmes will acquire for cash a majority ownership of Centric Software, and an advance payment on the acquisition of the remainder of the shares, which will take place in 2020 and 2021.