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Article: United States: Dassault Agrees to Buy IBM Assets for $600 Million.
- Article from:
- TendersInfo
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
Dassault Systemes SA, whose software is used to design cars and aircraft, agreed to pay about $600 million cash for part of International Business Machines Corp. s sales and customer support unit, its biggest acquisition.
Dassault Systemes rose as much as 7.6 percent in Paris, the biggest intraday gain in three months, after unveiling plans to buy the IBM business that sells and supports its Product Lifecycle Management software, including customer contracts. IBM, the world s biggest computer-services company, and Dassault Systemes aim to complete the deal by the second quarter of next year, the companies said in a statement today.
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