EU: Commission clears sale of IBM PLM business to Dassault
31 March 2010 | News | Source: just-style.com
EU regulators have cleared Dassault Systemes' takeover of IBM's product lifecycle management (PLM) software business after deciding it doesn't break competition rules.
A statement from the European Commission said the two companies "are not regarded as competitors since under their contractual arrangement they each generally focus on selling to different types of customers."
French technology firm Dassault Systèmes last October inked the deal to buy the IBM unit that sells its PLM software for around $600m in cash.
Dassault's PLM portfolio includes Enovia, which has been designed to connect apparel sourcing and production offices to brand and retail headquarters.