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IGE+XAO Group announces that it has acquired 80% of the capital of Prosyst

 

Toulouse, 3 April 2014 - The IGE+XAO Group announces that it has acquired 80% of the shares of Prosyst SAS, a company specialised in developing software packages and services for designing, simulating, diagnostics and the performance of industrial processes (production workshops, machines and lines).

Prosyst, which has locations in Lille, Valenciennes and Tangiers, is more particularly present in the automobile, transport, steel and energy sectors, in France as well as abroad.

Prosyst, whose efforts in terms of R&D represent more than 30% of the turnover, is recognised for its strong capacity for innovation and research. It participates in many initiatives, especially with the i-TRANS competitiveness cluster and the University of Valenciennes.

Over the year 2013, Prosyst, with a workforce of 18, generated 1.4 million euros in turnover of which 20% abroad. Its main customers or partners are PSA Peugeot Citroën, Renault-Nissan, Bombardier Transport, ArcelorMittal, Siemens and Schneider Electric.

Patrick Sudan, Director of Automation and Handling for the PSA Peugeot Citroën Group, welcomes this transaction which "brings a complete and high-performance solution, synonymous with significant gains in timeframes, quality and productivity in the development of our production equipments around the world".

Thanks to this acquisition, IGE+XAO is expanding its offering in the computer-integrated manufacturing sectors (automation, production chains and machines, etc.) and is asserting its positioning in the high value-added areas which are the factory of the future and the digital factory. The Group can as such now offer a complete and unique suite of PLM (Product Lifecycle Management) software ranging from functional design to maintenance for automated installations, to electrical design, automaton programming, simulation and commissioning.

This transaction is part of IGE+XAO's external growth policy. The company, while maintaining a high degree of profitability, will continue its proactive development strategy over the year 2014 with the opening of two new sales sites, in Mexico and in Russia.

 

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EVENT

On the occasion of the Hanover Trade Fair from 7 to 11 April 2014, an international fair dedicated to industry, IGE+XAO and all of its subsidiaries will present the Group's new products and services on over 160 m2 (Hall 7 – Stand F12).

 


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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