Dassault Systèmes has agreed to acquire Quintiq, a provider of on-premise and on-cloud supply chain and operations planning & optimisation software, for approximately €250 million (US$335 million).

The acquisition extends Dassault Systèmes’ 3DExperience platform to business operations planning and further enables its long-time goal of harmonising product, nature and life. It will also expand Dassault Systèmes’ Delmia brand, adding a product line of operations planning and optimisation to the existing ones. Quintiq provides a new reach into industries such as metals, mining, oil & gas, rail, delivery and freight.

“The Quintiq team is excited and proud to join Dassault Systèmes,” said Dr Victor Allis, co-founder and CEO of Quintiq. “Quintiq brings record-breaking decision support and optimisation technology to the most complex global business planning challenges.  Now, in combination with Dassault Systèmes’ leadership in the Experience Economy, we will bring our customers new levels of innovation, operational efficiency and performance.”