Modelon AB sells its minority interest in Modelon GmbH to Dassault SystèmesModelon
Modelon AB, the Swedish parent company of the Modelon group (Modelon AB with its subsidiaries Modelon Inc. in USA and Modelon K.K. in Japan), has taken the decision to sell its 45% minority interest in the German business entity Modelon GmbH to Dassault Systèmes.
The transaction, which was effected on 2015-04-20, strengthens the Modelon group into a structure with controlled subsidiaries under a single parent company. The consolidation enables Modelon to continue its successful growth to be the leading provider of open-standard model based systems development solutions in existing and new markets.
The buyer Dassault Systèmes has been a strategic partner of Modelon AB and Modelon GmbH in the field of collaborative product design and experience solutions for model-based systems engineering. The transaction exploits synergies earned from this partnership history, and it is the intention of the Modelon group to continue its successful collaboration with Dassault Systèmes as a value-added reseller and Modelica content partner.
Modelon will continue to serve the German market from offices to be established in Hamburg and Munich, and will also further develop its representation in Germany and Central Europe.
Direct representation of Modelon group software products and services previously distributed by the former affiliate Modelon GmbH terminates as of the transaction date. Existing customers of Modelon AB products will be contacted and offered to transfer their business relation related to these products.
All rights to the Modelon brand and all assets of Modelon AB and its subsidiaries remain exclusively with the Modelon group.
Modelon is a global expert in solutions for model-based systems and control design. We give our customers a competitive advantage by delivering a unified picture of subsystem interaction and performance from early in the design cycle all the way to optimal system operation. Our open and flexible tools and model libraries for simulation and optimization accelerate virtual product creation and allow our customers to focus on their core business objectives. With an open standards based platform, we can effectively integrate, customize, and deploy into any CAE tool chain.
Since 2005, Modelon has been a leader in developing and supporting the Modelica and FMI open standards and communities.
About Dassault Systèmes
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