French company buys supply chain optimization company Quintiq
The French virtual software design company Dassault Systèmes has acquired the cloud-based operations, planning and optimization software firm Quintiq.
Quintiq’s solutions, available in cloud-based or on-premise, include production, logistics and workforce-planning applications. The deal is for 250 million euros ($336.6 million), Dassault said.
Quintiq Co-Founder and Chief Executive Officer Victor Allis described his company as a “puzzle-solving” solutions provider, in a conversation with American Shipper in May.
The Dutch-based company has 800 employees in more than 90 countries.
“The acquisition of Quintiq extends Dassault Systèmes’ 3DEXPERIENCE platform to business operations planning and further enables its longtime goal of harmonizing product, nature and life,” Dassault said in a statement.
Bernard Charlès, president and CEO of Dassault Système, 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.”
Quintiq solutions are also used to plan and schedule the most complex production supply chains at such manufacturers as Novelis, ASML, Lafarge, AkzoNobel and ArcelorMittal. They also plan and optimize some of the most complex logistics operations, including DHL, Walmart, DB Schenker and TNT. Quintiq helps enable operations planning at Brussels Airport, KLM, Canadian National and the Federal Aviation Administration.
“The Quintiq team is excited and proud to join Dassault Systèmes,” said Dr. Victor Allis, co-founder and CEO of Quintiq. “In combination with Dassault Systèmes’ leadership in the Experience Economy, we will bring our customers new levels of innovation, operational efficiency and performance.”