Spectris plc acquires VI-grade
(PresseBox) - Spectris plc announced that it has signed an agreement to acquire VI-grade (www.vi-grade.com) as part of its continuing expansion into PLM and into ADAS vehicle development, testing, and simulation. The acquisition is subject to approval by the relevant merger clearance authorities.
Spectris is embracing the combination of hardware, software, and services to accelerate development of advanced electromechanical products. The rapid advancement of mechatronics and autonomous systems has forced the convergence of physical and virtual testing: the fast expansion of vehicle platforms (gasoline, electric, fuel cell, hybrid, etc.) and vehicle mechatronics (for ADAS and Autonomous Driving) has created a strong market need for VI-grade solutions and fueled their significant corporate growth (over 20%) over the past few years. Market projections indicate that the pace of investment in these simulation areas will only accelerate in the next five years.
?VI-grade represents an exciting opportunity for us to move further into the simulation segment of vehicle testing, which is expected to see significant growth in coming years on the back of ADAS and AV development and the proliferation of models? says John O?Higgins, Chief Executive, Spectris plc. ?It is closely related to our existing instrumentation businesses and, as such, the acquisition is an important step forward in the realization of the Group''s strategy to provide our customers with differentiated solutions that incorporate a combination of hardware, software and services. Supported by Spectris'' global reach and expertise, the combination of VI-grade''s application and technical expertise in simulation software and hardware along with the testing equipment, services and software that already exists in other Spectris operating companies will help customers address the increasing complexities involved in product testing whilst reducing the time to market for new products. We believe that there is a significant opportunity for VI-grade to strengthen its market position and accelerate its growth to expand internationally and broaden its solutions offering both organically and through M&A.?
?This is a strategic move for VI-grade and we are very excited to be joining Spectris,? says Js will bring additional expertise and capabilities that will allow us to jointly offer innovative solutions to our customers. We expect to accelerate VI-grade?s growth through investment and expansion into key international markets. We will remain independent yet benefit from the stability that this
Spectris intends to establish VI-grade as an independent operating business within its Test & Measurement (T&M) business segment alongside Bruel & Kjaer, HBM (including nCode and ReliaSoft), ESG, and Millbrook Group (proving grounds & lab testing). The business will benefit from the investment and global network that come along with being part of Spectris. Spectris will retain VI-grade?s employees/sites and has a clear strategy to significantly invest in, and grow, the business.
VI-grade?s current management team will continue to drive the business? future growth led by Bob Ryan, a software industry veteran, who has joined Spectris to lead its advance into simulation software solutions.
About Spectris
Spectris is a FTSE 250 listed global conglomerate with 2017 sales over $2B and 9,800 employees. The firm conducts business in four major segments: materials analysis, test & measurement, in-line instrumentation and industrial controls and serves a broad range of industries ranging from pharma, and electronics, to automotive, energy, mining, and aerospace. For further information, please visit http://www.spectris.com.
VI-grade is a leading global provider of vehicle development software, hardware, simulators, and services to ground and air transportation companies, as well as to their respective supply chains. VI-grade helps clients shorten development cycles, enhance innovation, and decrease risk by providing real-time software-in-the-loop, hardware-in-the-loop, and driver-in-the-loop virtual prototype simulation capabilities: these capabilities help engineers test and evaluate thousands of design alternatives and correct any development issues before investments in production tooling. For further information about VI-grade please visit http://www.vi-grade.com.
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VI-grade is a leading global provider of vehicle development software, hardware, simulators, and services to ground and air transportation companies, as well as to their respective supply chains. VI-grade helps clients shorten development cycles, enhance innovation, and decrease risk by providing real-time software-in-the-loop, hardware-in-the-loop, and driver-in-the-loop virtual prototype simulation capabilities: these capabilities help engineers test and evaluate thousands of design alternatives and correct any development issues before investments in production tooling. For further information about VI-grade please visit http://www.vi-grade.com.
Datum: 26.07.2018 - 04:50 Uhr
Sprache: Deutsch
News-ID 1538982
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