TriMech Acquires Adaptive Corporation
TriMech, a leading provider of engineering design and additive manufacturing solutions, announced it has acquired Adaptive Corporation and Forward Vision. 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.
The acquisitions of Adaptive Corporation and Forward Vision expand TriMech’s Dassault Systèmes portfolio offering to include CATIA, DELMIA, SIMULIA and ENOVIA.
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 Adaptive – 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.
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.”
Read the full press release here