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Dassault Systemes to buy Quintiq

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Staff writer |
Dassault SystemesDassault Systemes is to buy business planning software company Quintiq, taking the company into the metals, mining, oil and gas, rail delivery, and freight industries.

Dassault Systemes would pay about 250 million euros ($336 million) in cash for Netherlands and United States-based, privately-held Quintic, which is majority owned by its senior management team.

The company made the announcement as it reported a 7 percent rise in second-quarter revenue, driven by growth at its services division, and reaffirmed its full-year financial targets.

Founded in 1997, Quintic seeks to solve supply planning puzzles for large and complex companies. Its customers include chip tool maker ASML, cement group Lafarge, and steelmaker ArcelorMittal. It also plans and optimizes operations for delivery groups DHL and TNT, global retailer Walmart and the Federal Aviation Administration.

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