COVID-19 Hasn’t Crippled PLM Business Everywhere: Investment Fund Bought One of Europe’s Major PTC Partners
The COVID-19 coronavirus crisis has had a crippling effect on the global business community overall, but this doesn’t mean that business is resting everywhere. Tuesday this week saw the close of a major deal in Europe, the result of which is the investment fund CapMan Buyout XI buying the majority of PDSVISION, one of PTC’s major European channel partners. This article, which has been published in Swedish on PLM&ERP News, is now also published in an extended version in English on our American sister site, www.engineering.com.
“PDSVISION group has grown significantly in recent years and moved from being a Nordic focused organization to now working on a global stage,” CEO Johan Klingvall comments on today’s agreement. He continues: “Together with the CapMan Buyout, we will speed up our journey and expand the services and solutions we provide."
But why are PLM and beyond technologies growing areas of superior attraction power? What's the commercial potential? Does the COVID-19 crisis have anything to do with it? Could the effects of COVID-19 even support a more general growth of cloud PLM capabilities?
I have looked at this deal from these angles, as well as a couple of other more general financial and technological aspects.
Click on the link below to be directed to the full article on engineering.com.