In a strategic move to perhaps gain market market share in the automotive industry, Dassault Systemes, announces today that it has inked a deal to acquire controlling interest (85%) of German visualization software developer, RTT. Munich-based RTT develops high-end visualization and rendering software, such as DeltaGen, PictureBook, POS Configurator, among others. The acquisition will include the company’s subsidiary Bunkspeed, which offers a line of powerful rendering software.
RTT’s customer list is quite impressive, including big-wig car makers such as Audi, BMW, Daimler, Nissan, Porsche, Ferrari, General Motors, Toyota, and Volkswagen. Customers outside the automotive industry aren’t too shabby either, including The North Face, Electrolux, Eurocopter, Airbus, Addias, and Hugo Boss.
According to Dassault Systemes CEO and President Bernard Charles, the acquisition was in response to its customers’ demand for high-end visualization and rendering tools that further leverage their 3D product designs for sales and marketing purposes. “Our clients express a growing need to fully exploit their 3D digital assets, to transform their marketing and sales as part of their ultimate customer experience.”
The purchase price of RTT will be paid in cash. Completion of the transaction is subject to customary conditions precedent, including the approval of antitrust authorities in Germany and Austria. Dassault Systemes intends to launch in the coming days a tender offer in order to purchase up to 100% of RTT’s share capital for a price per share of EUR 40. For more information on Dassault Systemes, go to its web site. For more information on RTT, go here.