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UGS to Purchase Tecnomatix Technologies

UGS to Purchase Tecnomatix Technologies

Tuesday, January 11, 2005
 
UGS, Plano, TX, a provider of product lifecycle-management software, plans to acquire the outstanding equity of Israeli company Tecnomatix Technologies Ltd., with North American operations based in Northville, MI. Tecnomatix (www.tecnomatix.com) provides manufacturing process-management software for the automotive, electronics, aerospace and other industries. Following the close of the transaction, the companies intend to offer an integrated software package. The transaction is the fourth for UGS since it launched independent operations in May 2004. UGS is online at www.ugs.com.

 

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