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:
Number of women in engineering declining
MIT develops system to break down complex designs into simpler shapes for custom manufacturing
Nvidia RTX Pro Blackwell workstation GPUs launch
New Designers 2012 - Top Five - No.4: Nick Chubb, Sheffield Hallam
CloudNC adds 3+2 Axis strategies to CAM Assist
Ansys launch free student package for simulation workflows
Toolpath sees further investment in its AI CAM tools
GE Additive has been brewing something special for Oktoberfest
