Dassault Systemes announced the signing of an acquisition agreement for an 84 percent controlling interest in Realtime Technology (RTT), a provider of professional 3D visualization software, marketing solutions and computer generated imagery services.
This acquisition of Munich-based RTT will include its software division, known for its DeltaGen, PictureBook, POS Configurator and other solutions, and its marketing consulting services. It will also include subsidiary Bunkspeed, with its line of rendering software. RTT's list of customers includes Hugo Boss, adidas, Airbus, Audi, BMW, Daimler, Electrolux, Eurocopter, Ferrari, General Motors, Harley-Davidson, Nissan, Porsche, The North Face, Toyota and Volkswagen.
"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 people at RTT have demonstrated remarkable talents in delivering innovative solutions to their clients," said Bernard Charles, president and CEO of Dassault.
"The Dassault Systemes 3DEXPERIENCE strategy immediately resonated with RTT, especially because we both believe in 3D as a valuable media. From 3D design, all the way through the industry evolution that has resulted in 3DEXPERIENCE, Dassault Systemes has led the way," said Ludwig Fuchs, co-founder and CEO, RTT.
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 intends to launch a tender offer in order to purchase up to 100 percent of RTT's share capital for a price per share of EUR 40.
For more information, visit Dassault Systemes and RTT.
Sources: Press materials received from the company and additional information gleaned from the company's website.