Last week, Dassault Systèmes announced that it had reached an agreement to acquire full ownership of 3DPLM Software Ltd. (3DPLM), its joint venture in India with Geometric Ltd.
3DPLM, formed in 2002 with Dassault, has a team of about 2,000 employees in India working on research and development and services related to Dassault Systèmes’ 3DEXPERIENCE platform and brand applications. In 2002, Geometric was a joint venture with Dassault Systèmes, 3D PLM Software Solutions Ltd. with an equity participation of 58% and 42% respectively.
In other words, moving forward to last week, Dassault Systemes said it will acquire all of 3DPLM Software, an R&D company it owns jointly with Geometric, an Indian engineering services provider. The transaction means that the French PLM software group will be able to fully integrate 3DPLM into its operations, which center around its 3D Experience platform.