LMS completes share acquisition of Imagine
16 May 2007Tweet
LMS has completed the acquisition of the privately held shares of Imagine, and now plans to make an offer to buy the remaining 7 per cent currently in the hands of the public.
The shareholders will be individually informed of the conditions proposed by LMS, which include a fixed acquisition price of €32 per share. Once it owns all the public shares, LMS plans to remove Imagine’s listing from the Marché Libre of Euronext Paris.
The acquisition is a move to expand LMS’s simulation software line with Imagine’s 1D multi-domain system simulation software for mechanical and mechatronic systems.