The VELUX Group to Drive Smart Product Innovation with Implementation of PTC Windchill Across the Enterprise

Smart PLM Subscription-based Solution to Improve Time to Market, Quality, and Profit Margins

NEEDHAM, Mass. — (BUSINESS WIRE) — December 1, 2016PTC (NASDAQ: PTC) today announced the VELUX Group, the international leader in roof windows and skylights, has selected the PTC Windchill® enterprise platform for its global product development. The VELUX Group employs 9,500 people, with sales and manufacturing operations in over 40 countries. The strategic adoption of PTC’s product lifecycle management (PLM) solution will enable the company to drive smart product innovation and quality and increase profit margins, while delivering the right price to the customer.

For more than 75 years, the VELUX Group has created better living environments for people around the world. They design and manufacture a wide variety of products that bring daylight and fresh air through the roof, sun screening, and shutters.

The VELUX Group wanted to further expand its strong competitive advantage in the market and continue on its Digital Engineering journey. “During the past eight years, Windchill has enhanced productivity and innovation in our Accessories Division,” said Bjarke Nielsen, PLM manager, the VELUX Group. “Using the solution across the enterprise will provide us with an intelligent workflow that automates certain routine tasks, enabling us to achieve the highest levels of quality and consistency, whilst driving continued new and innovative product offerings.”

“Globally dispersed development teams, such as those supporting the VELUX Group, realize the critical importance of having a single, integral technology platform for product development to enable them to outperform time-to-market objectives,” said Kevin Wrenn, divisional general manager, PLM segment, PTC. “The VELUX Group has standardized on PTC’s PLM solution, including a complete bill of materials solution, to optimize its product development processes through closed-loop lifecycle management. We look forward to helping this market leader continue to realize the full value of its strategic initiatives.”

Additional Resources

The announcement of a customer’s selection of PTC software is not necessarily indicative of the timing of recognition of related revenue or the amount of revenue for any particular period or that any related applicable implementation and deployment activities are complete.

About The VELUX Group
For 75 years, the VELUX Group has created better living environments for people around the world; making the most of daylight and fresh air through the roof. Our product programme includes roof windows and modular skylights as well as a range of decoration and sun screenings, roller shutters, installation solutions and intelligent home controls. These products help to ensure a healthy and sustainable indoor climate, for work and learning, for play and pleasure.

We work globally – with sales and manufacturing operations in more than 40 countries and around 9,500 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by foundations and family. For more information, visit velux.com.

About PTC (NASDAQ: PTC)
PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.

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PTC, Windchill, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.



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