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IGE+XAO acquires its Swiss distributor Hibatec GmbH.

Toulouse, July 18th. 2006 – IGE+XAO announces that within the plan of its strategic growth, it is going to acquire the Swiss company Hibatec GmbH (acquisition effective August 1st, 2006).

Hibatec is a limited company based in Bienne in Switzerland. For several years Hibatec has distributed IGE+XAO software packages and services to the Swiss market.

The acquisition preserves the capacity of the Group and also puts at its disposal a company which is very profitable and capable of developing the commercial presence of IGE+XAO in both the German speaking and French speaking Swiss market.

"With Hibatec, IGE+XAO strengthens its position in the Swiss market and consolidates its strong European presence in 14 locations throughout 8 countries" commented Alain Di Crescenzo CEO of the IGE+XAO Group.






About IGE+XAO:

For over 30 years, the IGE+XAO Group has been a software publisher designing, producing, selling and supporting a range of Computer Aided Design (CAD), Product Lifecycle Management (PLM) and Simulation software dedicated to Electrical Engineering. These software products have been designed to help manufacturers in the design and maintenance of the electrical part of any type of installation. This type of CAD/PLM/Simulation is called "Electrical CAD/PLM/Simulation". Since mid 2014 with Prosyst take over, IGE+XAO also offers a complete software range for electrical installation functional simulation. IGE+XAO employs 390 people around the world on 32 sites and in 21 countries, and has more than 86,000 licences distributed around the world. IGE+XAO is a reference in its field. For more information: http://www.ige-xao.com

IGE+XAO Contacts:
Analysts/ Investors: Alain Di Crescenzo (Chairman of the Group): +33 (0)5 62 74 36 36
IGE+XAO Group, 16 boulevard Deodat de Severac - CS 90 312 - 31 773 COLOMIERS CEDEX
Phone: +33 (0)5 62 74 36 36 - Fax : +33 (0)5 62 74 36 37
Site Web: www.ige-xao.com
Listed on Euronext Paris- NYSE Euronext - Indice CAC Mid & Small® - ISIN FR 0000030827

Press Contact:
Christian Colin : +33 (0) 5 62 74 36 36

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