Dassault Systemes says to buy U.S-based Accelrys

PARIS Thu Jan 30, 2014 1:19am EST

PARIS Jan 30 (Reuters) - France's Dassault Systemes said on Thursday it planned to buy San-Diego based software firm Accelrys in an all-cash tender offer valuing the U.S. company at around $750 million, as it seeks to expand its product portfolio.

The maker of computer-assisted design programmes said in a statement it would make an offer for all of the outstanding shares of Accelrys at a price of $12.50 per share.

The board of Accelrys has unanimously approved the transaction, which is expected to be completed during the second quarter of 2014.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.