Zenetek Inc. (4492) has agreed on December 24, 2024, to acquire the PLM (Product Lifecycle Management) related business conducted by Development Design and has signed a business transfer agreement.
The company has three main pillars: system solutions business, engineering solutions business, and GPS business, and is particularly promoting the strengthening of the PLM business as one of the key measures in the mid-term management plan (2023-2025). Thus far, it has worked to expand the PLM business by making TOPWELL and Flash Systems, companies engaged in the introduction and support of PTC Inc's PLM Software 'Windchill (R)' into subsidiaries.
With this business acquisition, the aim is to obtain the business of Development Design, which handles the introduction and support of ARAS's PLM software 'Aras Innovator', enabling the company to meet diverse customer needs and further accelerate the growth of the PLM business.
Development Design focused on the PLM business after engaging in production technology-related systems and line development for the automotive industry. However, due to the deterioration of its management situation in recent years, it aimed for business revitalization using the Second Company Scheme with the support of the Small and Medium Enterprises Revitalization Council, and the company is participating as a reconstruction sponsor. The business transfer date is scheduled for March 31, 2025.
Comment(0)
Reason For Report