Increasing its vertical market reach, product lifecycle management software maker Agile Software Corp. announced this morning its acquisition of Eigner US Inc.
Terms of the deal were not disclosed.
Eigner makes PLM software for the automotive, industrial equipment, aerospace and defense vertical markets. Agile provides supply chain management and PLM software to the electronics, high tech, life sciences and consumer products industries.
Combined with Eigners 250 customers, which includes the likes of Lockheed Martin and Siemens, Agile will have over 1,000 customers in a handful of verticals.
A private company founded in Karlsruhe, Germany, Eigner is now headquartered in Waltham, Mass.
"The addition of Eigners industry expertise in automotive supply chain, industrial machinery, aerospace and defense to Agiles capabilities in life sciences, consumer products, electronics and high technology, clearly makes the combined company a dominant player across all key discrete manufacturing verticals," said Frank Azzolino, Eigners CEO, in a statement.
The acquisition of Eigner will help Agile better compete against PLM giants Parametric Technology Corp.s Windchill product and Dassault Systemes S.A.s Delmia offering. The acquisition also may help pull Agile, of San Jose, Calif., out of a slump. The company expects to report net losses in the range of 5 to 6 cents per share on Aug. 19, and earnings of $18.2 million.