Parametric Technologies is apparently taking steps toward selling itself to the tune of $2bn having apparently hired Goldman Sachs in a move to attract potential buyers, according to the Financial Times.
The manufacturer of Pro Engineer, based in Massachusetts and founded in 1987, has seen its growth continue following four acquisitions last year as leading to forecasted revenues of $1.07bn for fiscal 2008. Expect a bidding frenzy; despite the credit crunch disturbing markets elsewhere, nothing seems to be effecting the trade in CAD companies.
Related articles:
Fashion's biggest annual event showcases digital design and manufacturing
Formlabs Castable Wax 40 Resin targets pro jewellers
Renishaw and Aeromet to optimise high-performance alloy for AM
AMD Ryzen 5000 CPU pushes BOXX CAD performance
Modelling the future of Honda's autonomous vehicles for a round the world trip
Domeble Symetri Student Awards launch for 2021
SolidJott.com: SolidWorks Social Support Mechanism
HSMWorks 2015 CAM for SolidWorks announced