Virginia, US-based technology and business solutions provider TriMech has acquired UK-based Solidworks provider Solid Solutions Group, uniting technical specialists from across four countries, and expanding support for design engineers and manufacturers in North America, the UK, and Ireland, the company said.
Terms of the transaction were not disclosed.
The combination of the two companies forms a strategic transatlantic technology and solutions partnership for the advanced design, engineering, and manufacturing sectors.
The Solid Solutions management team will remain in place, and the combined company will continue to execute a strategy to expand its portfolio of solutions and services, both organically and through acquisitions.
Solid Solutions' UK and European clients will eventually gain access to TriMech's services, including the ability to outsource engineering and advanced manufacturing projects to TriMech, and to use its dedicated and uniquely qualified recruitment team to quickly fill technical positions on their design and engineering teams where Solidworks and Dassault Systèmes product expertise are critical.
TriMech is a portfolio company of Sentinel Capital Partners, a US private equity firm that invests in lower midmarket companies with EBITDA of up to USD 80m.
Solid Solutions operates 23 offices, with headquarters in Leamington Spa in central England.
Roth Capital Acquires Equity Trading, Sales and Research Firm MKM Partners
Pattern Acquires UK Influencer Marketing Platform Current
Sonic Automotive Acquires Auto Dealership Audi Owings Mills in Baltimore, USA
MD Office Solutions Acquires Cardiac Mobile Imaging Firm Antigua Medical Services
WebMD Acquires French Medical News, Information and Education Platform JIM.fr
Scutum North America Acquires Security and Alarm Monitoring Firm Digicom Central Station
TKO Miller Advises GLK Foods on the Sale of its Sauerkraut Division
American Regent to Acquire Generic Drug Maker HBT Labs
Azelis Acquirs Turkish Specialty Chemicals Distributor Dağaltı
CI and T Acquires Australian Technology Consultancy Transpire
Phillips 66 Ups Stake in DCP Midstream
AeroVironment Acquires Unmanned Aircraft Navigation Solutions Provider Planck Aerosystems
O.Berk West Acquires the Business of E.D. Luce Packaging of Cerritos, California
Montecito Acquires Medical Office Property in Northeastern Pennsylvania, USA
Francisco Partners to Acquire Learning Management System Specialist Litmos from SAP