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Industry Summary Articles

Monday, July 01, 2024

Addnode Group acquires Prime Aerostructures in Austria

Technia, a company in Division Product Lifecycle Management, announces that it has signed an agreement to acquire Prime Aerostructures. The company is a leading Dassault Systèmes Partner based in Vienna, Austria. Prime Aerostructures has about 10 employees and net sales of SEK 45 million.

Prime Aerostructures is a simulation leader in the aerospace engineering industry and a trusted partner to many aerospace companies. Specializing in advanced aerostructures, Prime Aerostructures employs technologies and services to design lightweight, high-performance components that improve aircraft efficiency and safety. The services cover the entire product lifecycle, from concept to production and certification.

”For our global clients, the addition of Prime Aerostructure offers enhanced strategic support and expertise, leveraging our strong SIMULIA and 3DEXPERIENCE portfolios. With top-tier skills in advanced simulation, Product Lifecycle Management (PLM), and System Integration (SI), we're eager to extend our engineering services to a wider range of potential customers in both aerospace and non-aerospace applications”, says Magnus Falkman, CEO of Technia and Division President Product Lifecycle Management, Addnode Group.

Prime Aerostructures will be part of Technia in Addnode Group’s division Product Lifecycle Management. The acquisition is expected to be completed in the third quarter 2024.

To view the original press release, please click here.

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