Dassault Systèmes Acquires Enginuity PLM

Dassault Systèmes, a 3D and Product Lifecycle Management (PLM) solutions, has announced the acquisition of Enginuity PLM, a provider of formula-based PLM. The amount of the transaction was not disclosed.

Demonstrating its broad industry focus, the addition of Enginuity expands Dassault Systèmes’ suite of collaborative business process solutions based on the ENOVIA V6 platform. Using ENOVIA V6, formula-centric companies in the pharmaceutical, personal care, cosmetics, food and beverage, flavor/fragrance industries will be able to accelerate product innovation and product launches while successfully navigating complex regulatory requirements and more effectively managing and leveraging their formula, packaging and consumer Intellectual Property (IP) in a single, global PLM solution.

"At a time when many products are coming under increased scrutiny from the international community, the ability to avoid mistakes and costly recalls while accelerating product development is of paramount importance. We believe that the acquisition of Enginuity represents a keystone in our PLM solution for formula-based industries, enabling us to expand the services and value that we deliver to our customers in this previously underserved space,” said Michel Tellier, CEO, ENOVIA, Dassault Systèmes. “Additionally, this acquisition allows Dassault Systèmes to leverage our core technology and offer a complete product definition for process industries, including product, packaging and labeling.”

Dr. John Sottery, founder and CEO, Enginuity commented, “For the past 18 years we have focused on helping a number of the world’s largest and most successful formula-based companies address a fundamental industry dilemma – how to accelerate innovation and reduce time-to-market while simultaneously navigating an increasingly complex global regulatory environment. By combining our best-in-class formula PLM solution and deep industry domain knowledge with Dassault Systèmes’ ENOVIA V6 PLM platform, I believe that we will revolutionize how our customers develop and launch formulated products.”