Dassault Systèmes, the 3DExperience Company and a leader in 3D design, 3D Digital Mock Up and Product Lifecycle Management, is acquiring geological modelling and simulation company Gemcom Software International for about US$360 million. Vancouver-headquartered and privately-held Gemcom is a world leader in mining industry software solutions.
Dassault Systèmes president and CEO Bernard Charlès says, “With the acquisition of Gemcom, coupled with our 3D Experience platform capabilities, our objective is to model and simulate our planet, improving predictability, efficiency, safety and sustainability within the natural resources industry and beyond. To support this ambitious goal, we have created a new brand, GEOVIA.
“Raw material provisioning and long term resource availability is a major concern for society. This announcement is a significant step towards fulfilling our purpose of providing 3D experiences for imagining sustainable innovations to harmonize products, nature and life.”
The mining industry, which is the primary user of Gemcom’s software, is growing quickly. There are more than 5500 operating mines worldwide and about 15,000 mining projects. The associated mining software market is experiencing strong growth, with third-party analysts estimating a double digit trend for the foreseeable future.
Gemcom’s president and CEO Rick Moignard says, “This acquisition will clearly benefit Gemcom’s customer base, bringing global support and enterprise collaboration. Advanced technologies in 3D modelling and simulation will not only enable engineers and geologists to model and visualize resources but also improve sustainable mine productivity. We believe that with Dassault Systèmes’ support we will be able to address global issues for our customers as a real partner. None of our competitors can match that in this industry.”
Rick Moignard will become the CEO of the newly created GEOVIA brand, after completion of the Gemcom acquisition. After the closing of the transaction, Gemcom’s 360 employees and management will remain in place and continue serving the mining industry. By leading the new GEOVIA organization, Gemcom’s management will champion the further development of Dassault Systèmes’ strategy of modelling the natural world.
In addition, Gemcom’s current offices will further extend the overall geographic reach of Dassault Systèmes in Australia, Africa, Canada, South America, Kazakhstan, Mongolia, Indonesia, and Russia.
Dassault Systèmes and Gemcom have entered into a definitive acquisition agreement whereby Dassault will acquire Gemcom in an all cash transaction. The transaction is expected to be completed in July 2012.
Hear The ASIA Miner editor John Miller’s exclusive interview with Gemcom president Rick Moignard on The ASIA Miner’s website – www.asiaminer.com