Tecnomatix Shareholders Approve Acquisition By UGS Corp.
March 01 2005 - 5:00PM
PR Newswire (US)
Tecnomatix Shareholders Approve Acquisition By UGS Corp. PLANO,
Texas and HERZLIA, Israel, March 1 /PRNewswire/ -- UGS Corp., a
leading global provider of product lifecycle management (PLM)
software and services, and Tecnomatix Technologies Ltd.
(NASDAQ:TCNO), the leader in Manufacturing Process Management (MPM)
software solutions for the automotive, electronics, aerospace and
other manufacturing and processing industries, today announced that
Tecnomatix shareholders approved the acquisition by UGS Corp. of
all of the company's outstanding equity. About UGS UGS is a leading
global provider of product lifecycle management (PLM) software and
services with nearly 4 million licensed seats and 42,000 clients
worldwide. The company promotes openness and standardization and
works collaboratively with its clients in creating enterprise
solutions enabling them to transform their process of innovation
and thus begin to capture the value of PLM. For more information on
UGS products and services, visit http://www.ugs.com/ . About
Tecnomatix Technologies Ltd. Tecnomatix Technologies Ltd. provides
the world's leading Manufacturing Process Management (MPM)
solutions for the automotive, electronics, aerospace and other
manufacturing and processing industries. Tecnomatix eMPower
solutions for MPM enable the design, simulation, and execution of
production processes, and provide real-time control and visibility
throughout shop-floor operations. More than 5,000 companies
worldwide are using eMPower solutions to reduce operating costs,
accelerate product introductions, and shorten time- to-volume --
while maintaining high levels of product and process quality. With
offices in over 20 countries, Tecnomatix supports such global
leaders as BMW, Boeing, Comau, Ford, GM, Mazda, Philips, Schneider
Electric and Volkswagen. For more information, visit
http://www.tecnomatix.com/ . The statements in this news release
that are not historical statements, including statements regarding
future product integration and development and the benefits of the
proposed transaction, are forward-looking statements within the
meaning of the federal securities laws. These statements are
subject to numerous risks and uncertainties, many of which are
beyond UGS' and Tecnomatix's control, which could cause actual
results to differ materially from such statements, including the
risks that the proposed transaction is not consummated or that UGS
or Tecnomatix does not realize the expected benefits. UGS has
included a discussion of other pertinent risk factors in the final
offering memorandum relating to our 10% Senior Subordinated Notes,
a copy of which is available from the company. In addition, for
more details about the risks and uncertainties of Tecnomatix's
business, refer to the Tecnomatix's filings with the Securities and
Exchange Commission. The companies disclaim any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Note: UGS, Teamcenter and E-factory are registered trademarks of
UGS Corp. or its subsidiaries in the United States and in other
countries. All other trademarks, registered trademarks or service
marks belong to their respective holders. MEDIA CONTACTS: INVESTOR
CONTACTS: Mendi Paschal - UGS Doug Barnett - UGS 972-987-3210
972-987-3352 Shaun Ennis - Tecnomatix Oren Steinberg - Tecnomatix
603-766-9515 972-9-9594891 DATASOURCE: UGS CONTACT: media, Mendi
Paschal, +1-972-987-3210, or ; or investors, Doug Barnett,
+1-972-987-3352, or , both of UGS; or investors, Oren Steinberg,
+972-9-9594891, or , or media, Shaun Ennis, +1-603-766-9515, or ,
both of Tecnomatix Technologies Ltd. Web site: http://www.ugs.com/
http://www.tecnomatix.com/
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