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PTC 以二億五千萬美元併購 CoCreate
2007年10月31日，PTC宣佈以2億5仟萬美金併購產品設計軟體(CAD/PLM)的領導廠商CoCreate。以下問答將幫助雙方的客戶、合作夥伴、投資股東及新聞媒體，對於此併購案有更進一步的瞭解。當然在併購程序完成之後，PTC及CoCreate雙方將會更進一步說明。請參考以下內容說明：
若您有任何疑問，也可參考PTC官方網站說明: www.ptc.com ; 或下載原問答集.
On October 31, 2007, PTC (Nasdaq: PMTC) announced it has entered into a definitive agreement to acquire CoCreate, a privately held, leading provider of product development software, for $250 million. This FAQ is intended to help PTC and CoCreate customers, partners, media and shareholders answer immediate questions. Once the acquisition closes and integration begins, customers and partners will receive additional information from PTC and CoCreate.
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PTC公司簡介
PTC (Nasdaq股票代號 : PMTC) 是產品生命週期管理(PLM)、內容管理及動態發行等領域提供專業解決方案的領導廠商。目前在全球重視創新研發的製造、出版、服務、**機關、生命科學等產業中，擁有超過50,000家的客戶。PTC被標準普爾中型資本產業 400及羅素 2000選取為股市參考指數。PTC總部為位於美國麻州，目前在全球員工4,400人，在20多個國家設有分公司。
PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 organizations worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap 400 and Russell 2000 indices. PTC is based in Needham, Massachusetts and has 4,400 employees in more than 20 countries around the world.
CoCreate公司簡介
CoCreate是由私募基金所持有的產品設計軟體(CAD/PLM)公司。目前在高科技電子及精密機械產業中，擁有超過5,000家的客戶。CoCreate 的軟體協助這些客戶快速靈活的完成產品開發設計流程。CoCreate 是當今世界第一的直覺式設計模型建構軟體 (動態模型技術) 的供應商。CoCreate 在最近12個月的營業額是8,000萬美金，營業利益率是40%，目前在全球員工280人，在多個國家設有分公司。
CoCreate Software is a privately held provider of PLM and CAD software. Over 5,000 manufacturing companies, predominantly in the high-tech and electronics and heavy machinery industries, depend on CoCreate in order to achieve speed and flexibility in their design processes. CoCreate is the world’s #1 provider of explicit modeling based software. CoCreate generated approximately $80 million of revenue during the last 12-months with operating margins of about 40%. CoCreate has 280 employees in offices around the world.
併購案進行方式為何?
PTC計劃動用現有的信用資產以現金及公司債支付交易，交易之價格為2億5仟萬美金，相當於CoCreate在最近12個月營業額的3.1倍，軟體維護收入的4.6倍，或獲利的7.4倍。
PTC plans to finance the acquisition with a combination of cash and debt, using part of its existing credit facility. The transaction value of $250 million represents 3.1x revenue, 4.6x maintenance revenue and 7.4x non-GAAP operating income (all based on last twelve months).
何時完成此併購案程序?
依照併購案之慣例審查程序，PTC希望在2007年12月底前完成所有程序。
PTC expects the acquisition to close by the end of December 2007, subject to customary conditions including regulatory approval.
為什麼PTC要併購CoCreate?
PTC不斷的在評估及找尋機會，以擴充產品線及加速成長與獲利。此次併購是基於營運策略與財務收入之考量。
PTC is constantly evaluating opportunities to expand our solutions offerings and accelerate growth and profitability. This acquisition is compelling both strategically and financially.
營運策略 — 經過此次併購，PTC將成為市場上唯一能夠供應完整的產品設計解決方案的廠商，提供給客戶選擇設計模型建構的最佳方式(參數式、直覺式、衍生式及二維)。併購之後，PTC的產品開發系統(PDS)產品系列，將增加一個立即可用的CAD產品線，能夠配合客戶慣用的設計技法，讓產品開發流程更加合理化。同時PTC也計畫將既有的產品提供給CoCreate的客戶，這將為客戶帶來更多的價值，也為PTC創造更多的營收。此外，將強化PTC在高科技電子與工業產品等關鍵產業之地位，尤其在日本與歐洲地區。
Strategic Fit: Through this acquisition, PTC will become the only vendor in the market to offer a full complement of design solutions, allowing customers to select the modeling approach that best suits their application (parametric, explicit, derived and 2D). The acquisition broadens the PTC Product Development System with plug-and-play CAD capabilities to optimize product development processes using the customer’s preferred modeling technique. PTC plans to offer complementary PTC solutions to CoCreate’s 2D and 3D CAD customers. This should bring value to CoCreate’s customers and revenue opportunity to PTC. Additionally, the acquisition strengthens PTC’s presence in key industries (electronics and high tech and industrial products), as well as key geographies (Europe and Japan).
財務收入 — 此次併購案，將幫助PTC達成長期的營運成長與獲利的目標。PTC相信此次交易勢必是一個令人注目的增加獲利的機會。併購程序完成PTC會提供更詳盡的訊息。
Financial Fit: This acquisition supports PTC’s long-term revenue growth and operating margin goals. PTC believes that the transaction provides a compelling earnings and operating margin accretion opportunity. PTC will provide detailed guidance upon the close of the acquisition.
此併購對CoCreate的客戶有什麼好處?
PTC將致力於關注CoCreate的客戶滿意度，CoCreate的客戶也將從PTC所既有的營運規模、領導地位、產業知識與財務優勢中，獲得信心。CoCreate的客戶可以自由選擇繼續單獨使用現有的軟體，或加掛PTC的產品開發系統(PDS)產品系列，讓產品設計工具更加完整。PTC的產品開發系統在每一個應用領域上，都能夠提供優異的功能，包括：工程運算、動態發行、視覺化、高速加工、內容與流程管理等，這些解決方案將有助於提升客戶的營運價值。同時也對於已經購買CoCreate產品的客戶，提供最好的保障。
PTC will make the satisfaction of CoCreate customers a major focus. CoCreate customers should feel confident that they will benefit from PTC’s scale, leading market presence, industry expertise and financial strength. Customers will have the flexibility to use CoCreate products stand-alone, or to complement them with the PTC Product Development System. The PDS offers best-in-class capabilities, including engineering calculations, dynamic publishing, visualization, high speed machining and content and process management, designed to work together as an integral system to optimize product development processes and ultimately achieve business value. This should help CoCreate customers make the most of their existing investment in CoCreate products.
此併購是否會影響CoCreate現有產品的持續發展?
PTC會保障客戶購買CoCreate產品所做的投資，同時也會持續發展及擴充CoCreate的產品線，讓CoCreate產品成為PTC的新產品家族。PTC也計畫讓CoCreate的CAD應用軟體可以加掛PDS產品系列，讓CoCreate的客戶取得PTC的產品優勢，讓設計開發流程更加合理化。
PTC is committed to protecting the investment that has been made in CoCreate solutions. PTC plans to maintain and continue to develop and enhance CoCreate’s products. CoCreate products will become a new product family within PTC. PTC plans to make CoCreate’s CAD applications a component of PTC’s PDS, helping to optimize CoCreate customers’ product development processes by taking advantage of complementary PTC products.
如果客戶或合作夥伴對於此併購案有其他疑問，要向誰洽詢?
PTC與CoCreate雙方都有完整的計畫，與客戶及合作伙伴溝通說明。同時也會將相關訊息公佈在雙方的公司網站，當然也歡迎客戶直接洽詢PTC與CoCreate的業務代表。
PTC and CoCreate have a comprehensive communications program for both companies’ customers and partners. If after reviewing the information posted on both companies’ websites and other communications you have remaining questions, please contact your current PTC or CoCreate account representative. |
发表于 2007-12-4 11:37:25
