PTC Acquires LBS
NEEDHAM, Mass. – November 7, 2007 – PTC (Nasdaq: PMTC), The Product Development Company, today announced it has acquired Logistics Business Systems (LBS), a leading integrated logistics support (ILS) solutions provider to the aerospace & defense (A&D) and civil aviation industries. Based in Preston, UK, LBS was established in 1995. LBS solutions are already integrated with PTC Arbortext and together offer the industry’s only turn-key solutions for S1000D-compliant technical publications, provisioning, training and e-learning, and logistics support analysis. As a result of the acquisition, PTC becomes the only PLM provider to offer a complete solution for ILS.
The combination of PTC and LBS will facilitate the reuse of product design and configuration data such as CAD, BOM, change management information and logistics information. As a result, A&D and civil aviation organizations will be able to deliver standards compliant product support information in the form of technical publications, illustrated parts catalogs and training materials.