French company Dassault Systèmes, a 3D Experience company, intends to acquire geological modelling and simulation company Gemcom Software International (Gemcom) for approximately US$360 million. Privately-held Gemcom is among the world leaders in mining industry software solutions, headquartered in Vancouver, Canada. “With the acquisition of Gemcom, coupled with our 3D Experience platform capabilities, our objective is to model and simulate our planet, improving predictability, efficiency, safety and sustai
French company Dassault Systèmes, a 3D Experience company, intends to acquire geological modelling and simulation company Gemcom Software International ( Gemcom) for approximately US$360 million.
Privately-held Gemcom is among the world leaders in mining industry software solutions, headquartered in Vancouver, Canada.
“With the acquisition of Gemcom, coupled with our 3D Experience platform capabilities, our objective is to model and simulate our planet, improving predictability, efficiency, safety and sustainability within the Natural Resources industry and beyond,” said Bernard Charlès, president and CEO, Dassault Systèmes.
“To support this ambitious goal, we have created a new brand, GEOVIA. Raw material provisioning and long term resource availability is a major concern for society. Today’s announcement is a significant step towards fulfilling our purpose of providing 3D experiences for imagining sustainable innovations to harmonise products, nature and life.”
According to Dassault, today’s mining industry, the primary user of Gemcom’s software, is growing quickly. There are more than 5,500 operating mines worldwide and approximately 15,000 mining projects. The associated mining software market is experiencing strong growth, with third-party analysts estimating a double digit trend for the foreseeable future.
“This acquisition will clearly benefit Gemcom’s customer base, bringing global support and enterprise collaboration.
Advanced technologies in 3D modelling and simulation will not only enable engineers and geologists to model and visualise resources but also improve sustainable mine productivity,” said Rick Moignard, president and CEO, Gemcom, who will become the CEO of the newly-created GEOVIA brand, after completion of the Gemcom acquisition.
After the closing of the transaction, Gemcom’s 360 employees and management will remain in place and continue serving the mining industry.
