3D experience company Dassault has signed a definitive share purchase agreement to buy Netherlands-based Quintiq, which offers production, logistics and workforce planning applications.
LLR and Newspring originally invested in the company in 2011. Since then it has grown to 800 employees, with its software used by 250 customers, at 1,000 sites, in more than 90 countries.
Dassault Systèmes CEO Bernard Charlès said, “3DExperience is about the entire breadth of a business, beyond design, engineering and production.
“With today’s acquisition, thanks to Quintiq’s highly talented team, we expand our capacity to provide a strategic business experience platform to our customers.”
Mid-market private equity focused LLR hit the final close of $950m for its fourth fund in March this year. The fund invested in ACRE, Cigital, iJET, Logi Analytics and Ultisa.
Last August Newspring Capital led an $11m Series C financing round for e-book publisher Open Road Integrated Media by investing $8m in the business.
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