Geometric Limited, a leader in Product Lifecycle Management (PLM), Global Engineering Services and Outsourced Software Product Development (OSPD) solutions and technologies, acquired 100% stake in 3Cap Technologies GmbH, a specialist in electronics engineering, primarily for the automotive industry, based in Oberschlei▀heim near Munich, Germany. The acquisition provides Geometric the ability to deliver embedded systems based solutions and a stronger presence in Europe. The deal size was Euros 11 million.
3Cap employs over 110 people, all of whom work out of Germany. It has seven customers, which are mostly tier 1 automotive suppliers. 3Cap offers a multitude of services to its customers ranging from Embedded Systems Development Verification and Validation, and Calibration in the areas of powertrain and chassis.
Finvista was the sole M&A Advisor to Geometric Limited.