14 Sep 2016
Press release: Altium announces the acquisition of Transfer B.V.
San Diego, California 14 September 2016
Altium has announced the completed acquisition of Transfer BV, a long time and leading
reseller of Altium. Transfer BV is based in the Netherlands covering the regions of Belgium, Netherlands and Luxembourg. Altium will leverage the strong capability of Transfer BV with Altium’s unique direct transactional sales model to drive future growth in Northern Europe.
Altium’s CFO, Mr Joe Bedewi welcomed the acquisition of Transfer BV, commenting “We are extending our direct reach into Northern Europe to sell directly in the Netherlands, Belgium and Luxembourg. Altium is pleased to have the highly capable and strongly motivated Transfer BV team join our direct sales force to lead our sales in Northern Europe. Transfer BV will implement Altium’s successful direct transactional sales model that has proven success in the Americas and the DACH region of Europe (Germany, Austria and Switzerland).”
Altium’s acquisition of Transfer BV involved consideration including a combination of cash and an earn out structure, based on sales performance for the next three years.
“This is an exciting development for us” said Transfer BV’s CEO, Mr Peter de Ruiter. “Our
vision for the PCB industry has always been aligned with Altium and we look forward to driving sales growth strongly in Northern Europe and putting Altium’s leading edge PCB design tools into the hands of engineers.”
As Altium furthers its multiproduct strategy and expands its reach into the higher end of the PCB market, the company will be seeking to sell directly in key markets in Europe.
Peter de Ruiter
Altium Limited (ASX:ALU) is a multinational software corporation headquartered in San Diego, California, that focuses on electronics design systems for 3D PCB design and embedded system development. Altium products are found everywhere from world leading electronic design teams to the grassroots electronic design community.
With a unique range of technologies Altium helps organisations and design communities to innovate, collaborate and create connected products while remaining on time and on budget. Products provided are Altium®, Altium Designer®, Altium Vault®, Autotrax®, Camtastic®, CircuitMaker®, CircuitStudio®, Codemaker™, Common Parts Library™, DXP™, Easytrax®, NanoBoard®, Octopart®, PCBWORKS®, PCAD®, Protel®, Ciiva®, PDN Analyzer™, SmartParts™, ActiveRoute™, Draftsman®, Situs® and the TASKING® range of embedded software compilers.
About Transfer BV:
Transfer BV has been established in the Benelux since 1988 to provide Electronic Design
Automation (EDA) training, electronics design software and development services. Transfer BV delivers knowledge and tools with which its customers can keep controlling the increasing complexity of the electronics development process.
Also for companies that develop EDA tools Transfer BV is known as the EDA distributor that has excellent knowledge and knowhow.