Gemcom buy will also trigger creation of new Geovia brand
VÉLIZY-VILLACOUBLAY, France – Dassault Systèmes announced the week its intent to acquire geological modeling and simulation company Gemcom Software International for approximately $360 million in an all-cash deal. Privately held Gemcom, based in Vancouver, BC, Canada, focuses primarily on the mining industry, with leading mining firms like BHP Billiton, Codelco, De Beers, Newmont and Vale as customers in 130 countries.
Gemcom is currently owned by JMI Equity Fund VI, L.P., the Carlyle Group, and Pala Investments Holdings Limited. The deal is expected to clear regulatory conditions by July of this year.
“With the acquisition of Gemcom, coupled with our 3D Experience platform capabilities, our objective is to model and simulate our planet, improving predictability, efficiency, safety and sustainability within the Natural Resources industry and beyond,” said Bernard Charlès, President and CEO, Dassault Systèmes, in a statement. “To support this ambitious goal, we have created a new brand, Geovia. Raw material provisioning and long-term resource availability is a major concern for society. Today’s announcement is a significant step towards fulfilling our purpose of providing 3D experiences for imagining sustainable innovations to harmonize products, nature and life.”
Current Gemcom CEO Rick Moignard will become CEO of this newly created Geovia brand.
(For Moignard’s thoughts on Gemcom’s fit with Dassault, there is a video here.)
“This acquisition will clearly benefit Gemcom’s customer base, bringing global support and enterprise collaboration. Advanced technologies in 3D modeling and simulation will not only enable engineers and geologists to model and visualize resources but also improve sustainable mine productivity,” said Moignard, in a statement. “We believe that with Dassault Systèmes’ support we will be able to address global issues for our customers as a real partner. None of our competitors can match that in this industry.”
According to Dassault, the Geovia organization will champion the further development of Dassault Systèmes’ strategy of modeling the natural world. In addition, Gemcom’s current offices will further extend the overall geographic reach of Dassault Systèmes in Australia, Africa, Canada, South America, Kazakhstan, Mongolia, Indonesia, and Russia.
SPAR 3D continues to report on this story.