• 03/05/2012
  • |     BB

Dassault Systèmes To Acquire Gemcom Software International

The French Dassault Systèmes intends to acquire geological modeling and simulation company Gemcom Software for approximately US$360 million.

Trefwoorden: #dassault, #gemcom, #ict, #simulation, #software

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( Foto: Gemcom )

ENGINEERINGNET.EU -- Gemcom, a privately-held company headquartered in Vancouver, is the largest global supplier of mining software solutions in the world.

“With the acquisition of Gemcom, coupled with our 3D platform capabilities, our objective is to model and simulate our planet, improving sustainability within the natural resources industry and beyond,” said Bernard Charlès, President and CEO of Dassault Systèmes. “To support this ambitious goal, we have created a new organization, GEOVIA."

Today’s mining industry, the primary user of Gemcom’s software, is growing quickly. There are more than 5,500 operating mines worldwide and approximately 15,000 mining projects.

The associated mining software market is experiencing strong growth, with third-party analysts estimating a double digit trend for the foreseeable future.

After the closing of the transaction, Gemcom’s 360 employees and management will remain in place. The transaction is expected to be completed in July 2012.


BACKGROUND
Established in 1985, Gemcom is privately held and owned by JMI Equity Fund VI, L.P., the Carlyle Group, Pala Investments Holdings Limited and has a global reach delivering comprehensive solutions in all major mining centres in more than 130 countries. Every major mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is a Gemcom client. Through a combination of organic growth and strategic acquisitions, the Company has become the largest global supplier of mining software solutions.