Accelrys to Be Acquired for $750 Million
A provider of 3-D design software, 3-D digital mock up and product lifecycle management (PLM) solutions for a variety of industries, including life science, energy and consumer packaged goods, Dassault has annual revenues of $2.7 billion. On a conference call, Dassault stated that the purchase helps diversify its end-markets and that the companies have several mutual customers. With the acquisition, Dassault aims to accelerate the adoption of a scientific PLM solution. In September 2013, Accelrys forecast 2013 non-GAAP revenues of $177–$181 million.
Vélizy-Villacoublay, France and San Diego, CA 1/30/14—Dassault Systèmes, a publicly held 3-D design software company, has signed a definitive agreement to acquire Accelrys, a provider of scientific innovation lifecycle management software. Dassault will make an all cash tender offer for Accelys’s outstanding shares at a price of $12.50 per share, a 28.6% premium over the stock’s closing price on January 29. This represents a fully diluted equity value for Accelrys of approximately $750 million. Dassault stated that the acquisition would add to its molecular chemistry capabilities. “The world demands a new paradigm for sustainability where chemistry, materials and biology meet. This is what the virtual universes enabled by Dassault Systèmes are delivering, capable of harmonizing products, nature and life, from imagination to industry solution experience,” stated Dassault President and CEO Bernard Charlès. The transaction is expected to close in the second quarter.
