French group CARL Software announces the acquisition of a 33.34 % blocking minority stake in SIVECO GROUP SA. CARL Software and SIVECO Group were both independent since their creation over 25 years ago.
From Eric Bonnet, CEO and founder of CARL Software :
« Our companies have been active in the same market for decades; it seemed natural to consider a rapprochement. This shareholding does not change anything in the short term. At this stage changing the policies, products or methods of either company is not foreseen.
However, this is obviously a sign that we wish to convey : when two market leaders meet, it cannot go unnoticed.
In the long term, an alliance highlighting the respective strengths of each company would certainly make sense. Indeed, technologies developed in recent years by CARL Software along with our financial strength, combined with the strong international reputation and level of skill and confidence SIVECO has developed towards its partners and customers form an incredible power. In addition, both companies have over 25 years experience in EAM / CMMS. The combined experience would create a group with tremendous resources, a group capable of competing with the heavyweights of the American market on their own land, and not only in Europe as CARL Software already does.
This shareholding changes nothing in the total independence of CARL Software. It’s always been of great importance to me not to jeopardize the objectives of the company by giving too much power to financiers interested mostly by quick gains, often against the interests of customers or employees of the company. This is why this operation was financed entirely from our own funds and has no impact on our shareholders. Moreover, as with all of CARL Software’s policies, it is a transaction aligned with future sustainable economic development, and also to preserve smart growth over the coming decade. »
CARL Software makes it clear that its acquisition of stake was carried out through a 100% subsidiary of CARL INTERNATIONAL SA, which owns 33.34% of SIVECO GROUP’s shares.
