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Acquisition Strengthens Regional Presence in Germany and Enhances Technology Offerings in Utilities & Communications Markets
HUNTSVILLE, Ala., Nov. 14, 2005 - Intergraph Corporation (NASDAQ: INGR), a leading global provider of spatial information management (SIM) software, today announced that it has acquired POPPENHÃGER GRIPS GMBH, a software company based in Neunkirchen/Saarland, Germany. PoppenhÃ¤ger Grips (www.grips.de) provides geospatial analysis software and services to municipalities and utility companies and has approximately 170 customers in Germany, Austria and Switzerland. Terms of the transaction were not disclosed.
"The PoppenhÃ¤ger Grips transaction advances our mission to provide differentiated Spatial Information Management software to our customers and target markets around the world," said R. Halsey Wise, Intergraph President and CEO. "We believe this acquisition is an effective use of our capital as it provides complementary technology in our utility target market and helps to strengthen our position in an important European market. Intergraph is committed to serving and growing our European presence in our core markets."
PoppenhÃ¤ger Grips was founded in 1970 and has a 35-year history of delivering innovative technology solutions to customers in Europe's German speaking countries. The combined organization will continue to market, develop and support the PoppenhÃ¤ger Grips portfolio of software applications, including GRIPS, GRIPSinfo and GRIPSmedia. The GRIPS family of products supports the creation and management of distribution facility data and the network operations for municipalities and utility companies in Germany, Austria and Switzerland.
"The PoppenhÃ¤ger Grips acquisition is the outcome of a successful partnership between our two companies since 2002," said Ben Eazzetta, Chief Operating Officer of Intergraph's Security, Government & Infrastructure Division. "The PoppenhÃ¤ger Grips customer base can benefit from our global product development efforts while gaining access to the full capabilities of Intergraph. Together, Intergraph and PoppenhÃ¤ger Grips will more effectively deliver software solutions to address the complex and specific needs of new and existing customers and end markets in Europe and around the world."
Source: Intergraph Corporation, November 14, 2005