Takeovers Software firm Dassault to buy Accelrys
The deal is expected to help each company cover a number of gaps.
French software company Dassault Systèmes has announced plans to purchase US-based Accelrys for $750 million (€549 million).
In a statement, Dassault said it would make a cash tender offer of $12.50 for each share of common stock of Accelrys, said to be a leading provider of scientific innovation lifecycle management software for chemistry, biology and materials
The French firm said the addition of Accelrys will enrich the molecular chemistry capabilities from discovery to manufacturing and regulatory requirements of Dassault Systèmes’ formulation-based industry products in areas such as life sciences, consumer packaged goods, high tech and energy, as well as advanced manufacturing industries.
Dassault’s President and CEO Bernard Charlès said: “The world demands a new paradigm for sustainability where chemistry, materials and biology meet. This is what virtual universes enabled by Dassault Systèmes are delivering.”