Dassault Systèmes and Accelrys to join forces

Dassault Systèmes, a provider of 3D design software, 3D digital mock up and PLM solutions, has signed a definitive merger agreement to acquire San Diego, Calif.-based Accelrys, Inc., a provider of scientific innovation life cycle management software.

Under the terms and conditions of the merger agreement, Dassault Systèmes will make an all cash tender offer for all of the outstanding shares of Accelrys common stock at a price of US$12.50 per share, without interest, representing a fully diluted equity value for Accelrys of approximately US$750 million. Dassault Systèmes intends to acquire any shares of Accelrys not tendered into the offer, via a merger as soon as possible after the closing of the tender offer.

Combining with Accelrys will enrich the molecular chemistry capabilities from discovery to manufacturing and regulatory requirements of Dassault Systèmes’ formulation-based industry offerings, such as life sciences, consumer packaged goods, high tech and energy, as well as advanced manufacturing industries, the company says.

“With Max Carnecchia and his teams, we share the same passion for enabling scientific innovation and are confident that together, leveraging the great Accelrys assets, we will deliver a unique and unmatched scientific PLM solution,” said Bernard Charlès, president and CEO, Dassault Systèmes.

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