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STRATEGIC PARTNERSHIP AIMING TO TAKE OVER ATE TECHNOLOGY INTERNATIONAL’S ACTIVITIES IN CHINA
04 September 2006 - ESI Group
| ESI Group (ISIN FR0004110310), a pioneer and world leading solution provider in virtual prototyping and manufacturing processes, today announced the signing of a strategic partnership that aims to take over the Chinese-based company ATE Technology International’s activities. |
This partnership, which should result in the acquisition of these activities, will allow ESI Group to strengthen its presence in China, notably via the integration of a team of 32 high level and experienced engineers. Through this operation, ESI Group is looking for both market diversification and a strengthening of its geographical presence. Indeed, ATE Technology International has a presence in aeronautics, astronautics, energy, ship building and electronics, whilst the current ESI Group’s clients in China are essentially in the automotive and manufacturing sectors. Moreover, ESI Group’s current subsidiary Zhong Guo ESI has sites in the southern cities of GuangZhou and Shanghai, whilst ATE Technology International is in Beijing, the Chinese capital in the north. Already a distributor of ESI Group’s Fluid Mechanics products, as the third-largest player on the Chinese Mechanical Computer Aided Engineering market and with know-how resulting from 12 years of experience, ATE Technology is in a strong position to reinforce ESI Group’s development across this vast territory. ATE Technology, taking into account all of ESI Group’s know-how, will offer high value-added integrated solutions and thus will have access to major industrial projects. For FY 2005, ATE Technology recorded a turnover close to US$ 3.9 million for all its activities. Su ZHANG, President of ATE Technology, states: “As a distributor of CFD products, the collaboration between ATE Technology and ESI Group has been well-received on the Chinese market, and I am very happy that this collaboration will now be strengthened by the intended take over. Furthermore, ESI Group’s Open-VTOS strategy, with its all encompassing Visual simulation platform, should meet the strong demand from Chinese clients for specific system integration projects. This operation will allow us to reach critical size to gain access to such strategic industrial projects.”
http://www.esi-group.com
About: ESI Group
ESI Group is the world leading software editor for the numerical simulation of prototype and manufacturing process engineering in applied mechanics. The key to ESI Group's success is the use of realistic material physics, providing "as good as real" virtual solutions, in order to replace the lengthy trial and error processes on real prototypes.ESI Group has developed an entire suite of coherent industry-oriented applications to realistically simulate a product's behavior during testing, to fine tune the manufacturing processes in synergy with the desired product performance, and to evaluate the environment's impact on product usage. ESI Group's product portfolio, which has been industrially validated and combined in multi-trade value chains, represents a unique collaborative, virtual engineering solution, known as the Virtual Try-Out Space (VTOS), enabling a continuous improvement on the virtual prototype. By drastically reducing costs and development lead times, VTOS solutions offer major competitive advantages by progressively eliminating the need for physical prototypes. A sustained growth Total consolidated revenue for fiscal year 2003, ending January 31st 2004, increased by 15% in real terms and 22% at constant exchange rates, compared to the previous year reaching 49 million euro. The software activity remained stable with 73% from licenses and 27% from services. The major acquisitions made in 2002 and 2003 accounted for 15% of revenue growth and took part in the strengthening of the Group's position on the American market. As in previous years, ESI Group maintained a strong international presence with 50% of turnover generated outside Europe and 79% of revenue outside. Listed on the Nouveau Marché of Euronext Paris, ESI Group employs almost 500 high-level specialists worldwide.
ESI Group and its global network of agents provide sales and technical support to customers in more than 30 countries. A key investment area: Research and Development ESI Group is making substantial R&D efforts and forms partnerships with leading academic and research laboratories in order to offer state-of-the-art solutions. ESI Group also provides high value-added services, worldwide through its subsidiaries located in Europe, Asia and Americas. Consulting projects with strategic industrial partners as well as European R&D contracts exemplify ESI Group's strong engineering knowledge and scientific expertise. |
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