Product category:
Manufacturing dealerships, agencies and acquisitions
News Release from: Alphacam
Edited by the Manufacturingtalk Editorial
Team on 17 September 2001
Licom Systems acquired by Planit
Holdings
Licom Systems has been acquired by Planit Holdings plc, a major international company specialising in the development and distribution of computer-aided design software for the furniture industry.
Planit Holdings plc, a major international company specialising in the development and distribution of computer-aided design software for the furniture industry, has acquired Coventry-based Licom Systems, a worldwide leader in the supply of CAM software to the metal and woodworking industry for ?6.1 million Licom will operate as a wholly owned subsidiary of Planit Holdings
This article was originally published on Manufacturingtalk on 21 May 2007 at 8.00am (UK)
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Commenting on the sale, Licom Systems Chairman, Sandy Livingstone stated.
'There is a great synergy between the two companies.
The increased financial strength resulting from Licom being part of the Planit group will enable us to fund further research and development that will bring new products such as AlphaCIM - a project data manufacturing management package - to market faster.' Typical of the company's leading edge software is Licom AlphaCAM, a comprehensive and fully-featured CAD/CAM system for the Microsoft Windows 95/98/2000/NT platforms with the ability to integrate fully with other systems and connect to any CNC machine type - Milling, Turning, Routing, Engraving, Wire EDM, Punching, and all sheet profiling operations -Laser/Flame/Water.
Trevor Semadeni, Chief Executive of Planit Holdings said; "World sales of mechanical CAD/CAM software are approximately $5.3bn annually.
The acquisition of Licom will allow the Group to extend its operations into this important market. Request free introductory details about products from Alphacam ...
Licom's extensive distribution channels in Europe and the Far East will also provide an excellent base for the distribution of the Group's products, in particular, accelerating the roll-out of Cabinet Vision, the first fully integrated design and production CAD/CAM CNC solution for the Furniture Manufacturing Industry.'".
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