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

DASSAULT SYSTÈMES (DSY)
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France's Dassault Systemes to buy Exa Corp in $400 million deal

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09/28/2017 | 07:56am CEST

PARIS (Reuters) - 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.

PARIS (Reuters) - 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)

Stocks mentioned in the article
ChangeLast1st jan.
BAYERISCHE MOTOREN WERKE -2.77% 78.69 Delayed Quote.-7.00%
DASSAULT SYSTÈMES -1.03% 129.15 Real-time Quote.47.31%
EMBRAER 0.00% 21.03 End-of-day quote.7.01%
EXA CORP 0.00%-End-of-day quote.57.78%
TESLA 0.09% 321.462 Delayed Quote.2.85%
TOYOTA MOTOR CORP -0.21% 7457 End-of-day quote.2.15%
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Financials (€)
Sales 2018 3 412 M
EBIT 2018 1 058 M
Net income 2018 618 M
Finance 2018 2 008 M
Yield 2018 0,50%
P/E ratio 2018 55,35
P/E ratio 2019 47,40
EV / Sales 2018 9,44x
EV / Sales 2019 8,45x
Capitalization 34 210 M
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Dassault Systèmes Technical Analysis Chart | DSY | FR0000130650 | 4-Traders
Technical analysis trends DASSAULT SYSTÈMES
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 119 €
Spread / Average Target -8,7%
EPS Revisions
Managers
NameTitle
Bernard Charlès Vice Chairman & Chief Executive Officer
Charles Edelstenne Chairman
Bruno Latchague Senior EVP-Global Field American Operations
Pascal Daloz Chief Financial Officer, EVP & Head-Strategy
Dominique Florack President-Research & Development
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