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:
CAM speed and automation focus for new Mastercam X8 Mill release
3Dconnexion upgrades with CadMouse Wireless Pro
SolidWorks launches Mechanical Conceptual at SWW14
HP Z4 Rack G5 remote workstation launches
Ellen MacArthur Foundation wants 20 million designers to make circular design 'the new normal'
Fortify adds 3-axis magnetic fibre alignment to AM
CloudNC signs deal to supply components for UKAEA fusion energy
Deep trouble: product design to aid flood victims
