AVEVA Acquires Bocad
May 24, 2012
CAMBRIDGE, UK –Aveva announces the acquisition of the Bocad group of companies. This strategic acquisition includes all companies in the Bocad group, bringing to AVEVA all IPR, employees, contracts and assets. AVEVA will establish a new Structural Design Centre of Excellence across Bocad’s two main offices in Bochum, Germany and Ocquier, Belgium where it will continue to develop and support the Bocad software products. The software developed through the Centre of Excellence will be tightly aligned with the Aveva PDMS and Aveva Marine solutions and will be sold through the AVEVA global sales force. The new combination will create a world-class engineering design offering for the plant, marine and fabrication markets.
Extensive evaluation by AVEVA identified the Bocad software solutions as the most versatile structural design applications on the market today. The flexibility, capability and richness of functionality make it the first choice for a number of industrial design markets. Richard Longdon, chief executive, AVEVA commented. "I am delighted to welcome the Bocad team and software solutions to AVEVA. We are continually looking to strengthen our product portfolio with industry-leading solutions and Bocad easily demonstrated best-in-class. This acquisition further extends AVEVA’s position as a leader in the 3-D design market and will be excellent news for our customers and expand AVEVA’s opportunity to capture even greater market share from our competitors.”