On July 25, 2017, Dassault Systèmes announced that it had entered into a new, extended strategic partnership agreement with The Boeing Corporation. Pursuant to the agreement, Boeing will expand its deployment of Dassault Systèmes’ software across Boeing’s commercial aviation, space and defense programs to include Dassault Systèmes’ 3DEXPERIENCE platform. This decision follows a competitive process that included the rigorous analysis of technical and functional capabilities, cost and business benefits across the value chain. The 3DEXPERIENCE platform can reduce integration and support costs, improve productivity, foster new innovation, and aid in the introduction of best practice processes to deliver standard work across the value chain. The 3DEXPERIENCE platform cannot only simulate products and processes, but also find and eliminate potential risks and quality issues before production. The platform’s single source of data across all applications will provide reliable and actionable real-time information and seamless communication throughout the entire enterprise and supply chain as well as across product generations. This digital continuity will improve data and analytics capabilities.

On September 12, 2017, Dassault Systèmes announced that Valmet, a leading developer and supplier of technologies, automation and services for the pulp, paper and energy industries, is using the “Single Source for Speed” industry solution experience to unify and manage Valmet’s product development and order fulfilment across its engineering and service centers in 30 countries. In a digital collaborative environment, its teams have greater visibility on what products and services should be included in a specific offering, as well as on what future resources will be needed as a project evolves. This will help to improve the reliability and performance of its customers' processes and enhance their use of raw materials and energy.

On September 14, 2017, Dassault Systèmes announced that VE Commercial Vehicles Limited (VECV), a joint venture in India between the Volvo Group and Eicher Motors Limited, has chosen the 3DEXPERIENCE platform to cost-effectively develop and deliver innovative, high-quality trucks and buses to the growing commercial vehicle market in India. VECV is deploying “Modular, Glocal and Secure” Industry Solution Experience for an integrated approach to product development that accommodates regional requirements. The deployment is part of the company’s “Integrated Data Management” initiative, which aims to improve quality, streamline the product development process, and deliver business value across the organization by integrating the processes, data and systems of its engineering and manufacturing value chain.

On September 19, 2017 Dassault Systèmes announced that Chevron Products Company, a division of Chevron U.S.A., and a manufacturer and supplier of premium base oils and finished lubricants, selected the 3DEXPERIENCE platform to accelerate the development of lubricant products that are sold under the Chevron, Texaco and Caltex names worldwide. Dassault Systèmes’ “Perfect Product” Industry Solution Experience responds to Chevron’s lubricants business needs. “Perfect Product,” based on the 3DEXPERIENCE platform, connects users across a company’s global operations in a digital collaborative environment to help to reduce time, resources and costs associated with new product development.

On October 11, 2017, Dassault Systèmes announced an agreement with Scania, formalizing the process to deploy the 3DEXPERIENCE platform and other solutions for innovation now and in the future. The cooperation aims to enable cost-efficient design, testing and validation of the complete range of Scania’s high-quality modular products. It will improve realistic simulations of functional properties and processes, such as engineering, manufacturing, service and sales. This will further support Scania in providing the right products at high quality to customers, as well as a more cost- and resource-efficient product development process.

Acquisitions

On September 28, 2017, Dassault Systèmes and Exa Corporation (NASDAQ: EXA), a global innovator in simulation software for product engineering, announced the signing of a definitive merger agreement for Dassault Systèmes to acquire Burlington, Massachusetts-based Exa representing a fully diluted equity value for Exa of approximately $400 million. With the addition of Exa, Dassault Systèmes’ 3DEXPERIENCE platform will provide customers with a proven, diverse portfolio of combined Lattice Boltzmann fluid simulation technologies, as well as Exa’s fully industrialized solutions and nearly 350 highly experienced simulation professionals. Exa’s software is used by designers and engineers at more than 150 leading companies including Transportation and Mobility, as well as Aerospace and Defense, Natural Resources, and others to evaluate highly dynamic fluid flow throughout the design process. Completion of the transaction is expected in the fourth quarter of 2017, subject to the receipt of the majority of shares through the tender offer and the satisfaction of customary closing conditions, including required regulatory approvals.

In a separate press release issued today, Dassault Systèmes announced the signing of a definitive agreement to acquire No Magic, a global solutions company focused on model-based systems engineering and architecture modeling for software and system of systems. Aerospace & Defense, Transportation & Mobility and High-Tech industries, among others, can digitally address all aspects of embedded systems and system of systems design. The proposed acquisition of No Magic will strengthen Dassault Systèmes’ industry solution experiences based on the 3DEXPERIENCE platform for developing the “Internet of Experiences” – the smart and autonomous experiences that are digitally connecting products, nature and life in the physical world. Closing of this acquisition is subject to the satisfaction of customary conditions, including required regulatory approvals.