Dassault Systemes: IBM PLM Acquisition To Be Earnings-Accretive
PARIS -(Dow Jones)- French software group Dassault Systemes' (DSY.FR)
acquisition of International Business Machines Corp.'s (IBM) sales and client
support operations for its product lifecycle management software application
portfolio, is expected to be accretive for earnings and operating margin from
2010, Dassault Systemes Chief Executive Bernard Charles said in a conference
call Tuesday.
Earlier, Dassault Systemes said it signed an agreement with IBM under which
Dassault plans to acquire IBM's sales and client support operations for its
product lifecycle management software application portfolio, or PLM, for
approximately $600 million in cash.
The transaction, under which the two companies will integrate their PLM
operations, is expected to be finalized by the end of the second quarter next
year, Charles reiterated.
Charles said it was the "right time" to buy IMB's PLM portfolio after having
cooperated for numerous years with IBM in the sector.
-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171740; geraldine.amiel@
dowjones.com
(END) Dow Jones Newswires
10-27-090309ET
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