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EDS to Acquire Structural Dynamics

IN BRIEF / Technology

May 24, 2001|Reuters

Electronic Data Systems Corp. said it will acquire Structural Dynamics Research Corp. for $950 million, or $25 a share, in a cash deal.

The computer services provider said it also is offering to buy 14% of its Unigraphics Solutions Inc. subsidiary that is publicly held and merge the two into a new business at EDS.

EDS said the offer to UGS shareholders contemplates a price of $27 a share, or total cash of about $170 million.

EDS said the two organizations have complementary product sets, providing comprehensive digitized product lifecycle management software and services in the industry. It said UGS would be a leader in digitized PLM with more than $1 billion in annual revenue.

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