M&A Deal Summary

Essig Research Acquires SofTech - PLM Product Line

On August 24, 2016, Essig Research acquired information technology company SofTech - PLM Product Line from SofTech for 1M USD

Acquisition Highlights
  • This is Essig Research’s 1st transaction in the Information Technology sector.
  • This is Essig Research’s largest (disclosed) transaction.
  • This is Essig Research’s 1st transaction in the United States.
  • This is Essig Research’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2016-08-24
Target SofTech - PLM Product Line
Sector Information Technology
Buyer(s) Essig Research
Sellers(s) SofTech
Deal Type Divestiture
Deal Value 1M USD

Target

SofTech - PLM Product Line

Lowell, Massachusetts, United States
SofTech, Inc. - PLM Product Line e PLM product line provides engineering technological services business.

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Buyer(S) 1

Buyer

Essig Research

Cincinnati, Ohio, United States
Category Company
Founded 1993
Sector Engineering
DESCRIPTION

Essig Research, Inc. is a provider of professional services specialized in engineering design and analysis, product definition, computer modeling, repair and tooling development, project management, logistics support, and advanced manufacturing techniques to customers worldwide.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-07 Performance Tool

Moberly, Missouri, United States

Performance Tool LLC is a manufacturer of tools, dies, fixtures, and assorted industrial hardware. Performance Tool is based in Moberly, Missouri.

Buy -

Seller(S) 1

SELLER

SofTech

Lowell, Massachusetts, United States
Category Company
Founded 1969
Sector Software
Employees25
Revenue 4M USD (2016)
DESCRIPTION

SofTech is a provider of enterprise technology solutions and consultancy services proven to optimize performance and deliver measureable business results. SofTech's Computer Aided Design (CAD) Connectors and Product Lifecycle Management (PLM) software solutions are designed with knowledge of the critical challenges faced by companies today and help our clients create innovative products. SofTech was founded in 1969 and is based in Lowell, Massachusetts.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-29 Workgroup Technology

Lowell, Massachusetts, United States

Workgroup Technology Corporation (WTC) develops, markets and supports WTC ProductCenter™ (formerly CMS), the collaborative product data management solution that provides product content .

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 SofTech Srl

Legnano, Italy

SofTech Srl is a provider of product life cycle management (PLM) software solutions. SofTech is based in Legnano, Italy.

Sell -
Mergr

Product

Company

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