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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 CET

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)

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Financials (€)
Sales 2017 3 214 M
EBIT 2017 964 M
Net income 2017 506 M
Finance 2017 1 795 M
Yield 2017 0,59%
P/E ratio 2017 43,83
P/E ratio 2018 38,22
EV / Sales 2017 6,62x
EV / Sales 2018 5,99x
Capitalization 23 086 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 24
Average target price 89,0 €
Spread / Average Target -0,03%
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
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