TriMech Acquires Adaptive Corporation and Forward Vision
RICHMOND, Va., Nov. 4, 2021 /CNW/ -- TriMech, a leading provider of engineering design and additive manufacturing solutions, announced today it has acquired Adaptive Corporation and Forward Vision. Terms of the transaction were not disclosed. TriMech is a portfolio company of The Halifax Group, a Washington, D.C.-based private equity investor.
Headquartered in Richmond, VA, TriMech helps clients design better products via a broad suite of engineering- and manufacturing-related solutions and services. The company works with leading software and hardware partners including Dassault Systèmes, Stratasys, and Artec, among others, throughout the central and eastern United States and Canada. In addition to its product portfolio, TriMech delivers expert technical support, training, consulting, implementation, additive manufacturing, and staffing services to its customers through its world-class engineering staff.
The acquisitions of Adaptive Corporation and Forward Vision expand TriMech's Dassault Systèmes portfolio offering to include CATIA, DELMIA, SIMULIA and ENOVIA. Adaptive is known for its strong capabilities in advanced CAD and simulation, product lifecycle management (PLM), metrology, and Creaform portable 3D scanners. The Forward Vision team specializes in CATIA, DELMIA, and FlexSim and has expertise in robotics, ergonomics, factory scheduling, throughput simulation, and logistics workflows. Both companies have clients in transportation and automotive, aerospace and defense, and industrial equipment.
Marcel Matte, President and CEO of TriMech, said, "We aim to be our clients' trusted technology partners. By bringing together great teams with new product offerings and expertise, TriMech will deliver wider solutions and deeper industry knowledge. Growth by acquisition is part of our long-term strategy to help our clients manage rapid digital transformation."
Adaptive will continue to operate under the name Adaptive – A TriMech Company. The Forward Vision team will join Adaptive's sales and support teams.
Senior management at Adaptive and Forward Vision will remain in place. Wayne Tanner, Adaptive's President, will serve as General Manager of Adaptve – A TriMech Company, reporting to Ted Lee, TriMech's Chief Services Officer. Forward Vision's President Joe Hugan and Vice President John Moran will serve as Product Managers for TriMech's Robotics and Discrete Event Simulation teams, continuing to support clients with their existing teams.
As part of these acquisitions, TriMech also announced it is acquiring the Dassault Systèmes and EASA Software clients of Front End Analytics. These clients will now be supported by the experienced team at Adaptive and TriMech. After transitioning these clients, Front End Analytics will continue as an independent business focused on its Physics Informed Machine Learning and AI solutions.
Adaptive's President Wayne Tanner said, "The demand for increasingly sophisticated technology has accelerated as engineers and manufacturers introduce or improve products to meet market needs. Our combined client base will have access to more solutions that involve critical areas of their business."
Sampford Advisors Inc. acted as exclusive M&A advisor to Adaptive Corporation.
Forward Vision President Joe Hugan commented, "We have always thrived by working closely with each other and with our clients. As part of TriMech, our people will have more opportunities to collaborate, learn, and grow, making us better able to meet our clients' needs and ensure their success."
About The Halifax Group
For more information, please visit: https://trimech.com/trimech-acquires-cpe-companies
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