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France: Buyout group acquires Swiss industrial software group Autoform

By  |  June 26, 2016

French private equity group Astorg has agreed to acquire Swiss industrial software group Autoform for almost 700 million Swiss Francs, people familiar with the deal said.

Germany’s competition watchdog has already cleared the deal, according to a filing on its website.

Autoform, which makes software that helps carmakers to fashion sheet metal into new vehicles, was valued at about 19 times Autoform’s expected earnings before interest, taxes, depreciation and amortization, the people said.

Autoform was founded in 1995 as a spinoff from the Swiss Federal Institute of Technology. It operates in a specialised niche of the broader field of industrial design known as “product lifecycle management” led by names such as Autodesk, Dassault, PTC and Siemens.

Full Content: Reuters

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