LMS International acquires Samtech
LMS International has acquired a 60 per cent controlling majority stake in Samtech. LMS Samtech will be the home of the worldwide aerospace simulation business within the LMS Group.
Dr Urbain Vandeurzen, chairman and CEO of LMS International, said: 'Over the past years Samtech has enjoyed healthy double digit growth year after year, and has developed an undisputed leadership position for 3D simulation in the European aerospace industries. The worldwide global presence of LMS and its strong references across all high-end mechanical industries can further accelerate the deployment of Samtech’s innovative software in Asia and the Americas. LMS and Samtech joining forces creates a win-win opportunity for joint customers across aerospace, automotive and other high-tech industries.'