PTC Acquires NC Graphics
Acquisition Strengthens PTC's Manufacturing Strategy Through Integrated Design and Machining Solution
NEEDHAM, MA. - May 16, 2007 - PTC (Nasdaq: PMTC), the Product Development Company, today announced it has acquired NC Graphics Ltd., headquartered in Cambridge, England. The acquisition of NC Graphics is in direct response to customer demand for specialized CAM capabilities required for molds, dies, and prototypes. With its Computer Aided Manufacturing (CAM) technology, NC Graphics delivers best-of-breed software for optimizing tool making and high-speed precision machining processes. NC Graphics has more than 1,500 customers in multiple discrete manufacturing vertical markets such as aerospace, automotive, medical equipment and motorsports. With this acquisition, PTC strengthens the link between product design and manufacturing, offering its customers faster production of molds and dies. As a result, parts will be available sooner and at a higher quality level than other non-integrated solutions.