Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Dassault Systèmes    DSY   FR0000130650

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

France's Dassault Systemes to buy Exa Corp in $400 million deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/28/2017 | 07:56am CEST

French software company Dassault Systemes (>> Dassault Systèmes) has agreed to buy U.S. peer Exa Corp (>> Exa Corp) in a deal valued at about $400 million (350.78 million pounds), which Dassault said would boost its range of products for clients.

French software company Dassault Systemes (>> Dassault Systèmes) has agreed to buy U.S. peer Exa Corp (>> Exa Corp) in a deal valued at about $400 million (350.78 million pounds), which Dassault said would boost its range of products for clients.

Exa said Dassault would offer $24.25 per share - a premium of about 43 percent compared to Exa's closing stock price of about $17 on Wednesday - to buy out its shares, and that the transaction valued Exa at about $400 million.

"With Exa's valuable application knowledge in transportationand mobility and other industry verticals, we will accelerate our delivery of industry solution experiences to benefit our existing and future customers," Dassault Systemes Vice Chairman and Chief Executive Bernard Charles said in a statement.

Exa's clients include the likes of carmakers BMW (>> Bayerische Motoren Werke), Tesla (>> Tesla) and Toyota (>> Toyota Motor Corp), as well as planemaker Embraer (>> Embraer SA).

The transaction is expected to close in the fourth quarter of 2017, the companies said in a joint statement.

Dassault has embarked on several acquisitions so far this year, including buying a majority stake in the cloud computing software firm Outscale and purchasing Dutch company AITAC.

(Reporting by Sudip Kar-Gupta; Editing by Amrutha Gayathri)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DASSAULT SYSTÈMES
10/18 DASSAULT SYSTEMES : ' Living Heart Project Reaches Next Milestones in Mission to..
10/12 DASSAULT SYSTEMES : ' Tender Offer for Exa Corporation Commences
09/29 DASSAULT SYSTEMES : to Acquire Exa Corporation
09/28 DASSAULT SYSTEMES : Launches SOLIDWORKS 2018
09/28 France's Dassault Systemes to buy Exa Corp in $400 million deal
09/22 DASSAULT SYSTEMES : AAM Smart City Content Powers Dassault 3D Experience Platfor..
09/22 DASSAULT SYSTEMES : 3-D focuses on a more efficient future
09/22 3-D focuses on a more efficient future
09/20 DASSAULT SYSTEMES : Spatial Corp and ModuleWorks Collaborate on CAD/CAM Solution..
09/20 DASSAULT SYSTEMES : Chevron Selects Dassault Systemes' 3DEXPERIENCE Platform to ..
More news
News from SeekingAlpha
09/28 PREMARKET GAINERS AS OF 9 : 05 am
09/28 Dassault Systemes to buy Exa Corp. for $400M
07/31 Dassault Systèmes and Nu Magic announce partnership
07/25 Dassault Systèmes (DASTY) Q4 2017 Results - Earnings Call Transcript
07/25 Dassault Systemes reports Q2 results
Financials (€)
Sales 2017 3 264 M
EBIT 2017 1 017 M
Net income 2017 527 M
Finance 2017 1 932 M
Yield 2017 0,62%
P/E ratio 2017 40,53
P/E ratio 2018 35,37
EV / Sales 2017 6,28x
EV / Sales 2018 5,66x
Capitalization 22 441 M
Chart DASSAULT SYSTÈMES
Duration : Period :
Dassault Systèmes Technical Analysis Chart | DSY | FR0000130650 | 4-Traders
Technical analysis trends DASSAULT SYSTÈMES
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 85,6 €
Spread / Average Target -1,1%
EPS Revisions
Managers
NameTitle
Bernard Charlès Vice Chairman & Chief Executive Officer
Charles Edelstenne Chairman
Bruno Latchague Senior EVP-Global Field American Operations
Thibault de Tersant Chief Financial Officer, Director & Senior EVP
Dominique Florack Senior Executive VP-Research & Development
Sector and Competitors
1st jan.Capitalization (M$)
DASSAULT SYSTÈMES21.05%26 442
INTERNATIONAL BUSINESS MACHINES CORPORATION-3.07%151 040
ACCENTURE17.32%89 938
TATA CONSULTANCY SERVICES LIMITED9.64%76 055
AUTOMATIC DATA PROCESSING10.85%51 516
VMWARE, INC.49.12%48 395