AVEVA acquires Logimatic's MARS business to create a new centre of excellence in the fields of project management and planning

3 June 2010

Cambridge, UK: AVEVA (LSE:AVV), one of the world's leading providers of engineering design and information management solutions, today announced the acquisition of Logimatic's MARS business from Logimatic Holdings A/S. This strategic acquisition of the MARS products and services will be merged into AVEVA's Enterprise Solutions Group and tightly aligned with its flagship AVEVA NET solution. The new combination will create a world-class engineering and information management offering for the Marine and Plant industries, with integrated materials and project management as well as operational planning for design, production and construction.

MARS is a dedicated solution that optimises project control, logistics, materials management, production, resources and planning. It is designed specifically to reduce cost and build time for major projects, and has more than 50 reference accounts across the global shipbuilding industry.

The new AVEVA MARS offering, in combination with AVEVA NET and the broader AVEVA Marine portfolio, provides an unmatched, fully integrated PLM solution to the shipbuilding industry. MARS will also be integrated with AVEVA's VPRM products to create a complete material management, construction management and planning solution for the Plant industries.

As part of AVEVA's Enterprise Solutions Group, the AVEVA MARS organisation, based in Aalborg, Denmark, will form the centre of excellence of AVEVA's Project Management solutions. The MARS sales organisation will be integrated into the existing AVEVA sales team to provide a strong global presence for the new range of products and services.

Derek Middlemas, Group Operations Director at AVEVA, commented: "The MARS business is a perfect complement to our Marine and Plant solutions. In shipbuilding it strengthens our existing PLM offering with material control and production planning capabilities. When combined with AVEVA VPRM and AVEVA NET it provides the platform for us to offer a completely integrated material management and construction planning solution to the plant industries, and will offer a unique value proposition to this market."

Grimur Lund, CEO of Logimatics, who joins AVEVA to lead the Enterprise Solutions Delivery organisation said: "We are delighted to share our future with an industry leader such as AVEVA. We have many of the same customers and have often worked closely together in the past, which will greatly simplify the logistics of the acquisition. During our initial discussions I was very sensitive to the impact on existing MARS customers, but I am extremely confident that they will only benefit from the new structure. The MARS products are absolutely key to our long-term strategy, ensuring on-going support and a well-funded commitment to future product development as part of AVEVA's proven track record of Continual Progression. This is a very exciting opportunity for our customers, staff and the market."

AVEVA