IDEAL PLM, Summ Systems and Pro-STEP announce the merger of their business operations
The merged business will provide unique value for industrial digital transformation in the manufacturing sector in the Nordic region and Baltic countries
Vantaa, Finland, November 6, 2019.
IDEAL PLM (Ideal Product Data Oy, Finland), Summ Systems AB (Sweden, Norway and Denmark) and Pro-STEP OÜ (Estonia) have announced today the merger of their business operations to further strengthen the position to deliver digital enterprise solutions to the manufacturing industries.
From left to right: Alo Saks (Pro-STEP OÜ), Indrek Kiolein (Pro-STEP OÜ), Terho Valtonen (IDEAL PLM), Dick Nyström (Summ Systems AB) and, Antti Knuuttila (IDEAL PLM)
IDEAL PLM will merge with Summ Systems and Pro-STEP in a stock-for-stock exchange and the merged business will operate under the IDEAL PLM Group brand. The merged company will become the leading Siemens Digital Industries Software partner in the Nordic region and Baltic countries and its offering to customers includes industry leading Product Lifecycle Management (PLM), Manufacturing Operations Management (MOM) and Industrial Internet solutions.
Powerhouse for industrial digitalization through business synergies
The offering of the merged IDEAL PLM Group services and solutions covers customer needs from establishing an end-to-end digital strategy and providing digitalized processes with state-of-the-art tools to securing successful business transformation with an ability to support customers through years to come.
Individually each of the merged businesses have gained in-depth knowledge and industry expertise in delivering digital enterprise solutions over decades. The merged IDEAL PLM Group is in the position of scaling up this competence to a new level and offer unique value for customers with holistic digital enterprise solutions. The merger creates a competence pool that can undertake any size of digital enterprise initiative, either in the discrete manufacturing or in the process industry.
For existing customers the merged IDEAL PLM Group is uniquely positioned to provide unrivalled support and services enabling them to expand on their digital transformation journey with a partner able to meet tomorrow’s business requirements today.
IDEAL PLM Group’s objective is to expand in its delivery capabilities and competence areas, as well as to strengthen its competitive edge in new markets and within the customer base.
Pro Forma Net Sales for the Ideal PLM Group was 17 MEUR (2018) and it employs 110 persons in 5 countries.
Announcement in Finnish:
Juha Takkunen, CEO, IDEAL PLM, tel. +358 50 558 1026, firstname.lastname@example.org
Dick Nyström, CEO, Summ Systems, tel. +46 76 3369369, email@example.com
Indrek Kiolein, CEO, Pro-STEP, tel. +372 565 1095, firstname.lastname@example.org
Information about the companies
IDEAL PLM has been supporting customers’ growth and digitalization since 1992 in strategic partnership with Siemens Digital Industries Software. The proven track record includes over 150 PLM projects carried out in several industries providing consultancy, implementation, training and support. IDEAL PLM believes in customer-oriented working methods and long-term customer relationships leading to strategic customer partnerships. IDEAL PLM has a strong background in business processes, industry knowledge and PLM solutions. Among the main served industries are industrial machinery, automotive&transportation, electronics, process industry and defense. In 2018 IDEAL PLM revenue was 11.7M€. IDEAL PLM employs over 80 PLM professionals aiming to success together with customers in 5 offices: Vantaa (headquarters), Tampere, Oulu, Vaasa, Seinäjoki and Linköping. www.ideal.fi
Summ Systems is a strategic Scandinavian vendor, and partner, to Siemens Digital Industries Software for their manufacturing software offerings. Summ Systems’ core value is to support their customers to digitalize their manufacturing processes, by focusing on quality and cost-saving software solutions and services. Summ Systems delivers and supports platforms such as Tecnomatix® and IBS QMS® and is also a preferred partner to Siemens in the Computer Aided Manufacturing (CAM) area, in which Summ Systems, besides traditional solution delivery, also possesses in-depth expertise in the machine simulation-development and programming of advanced postprocessors and methodology development for optimized usage.
Summ Systems’ core sectors are within the industrial machinery, energy, automotive & transportation, process industry, and defense and medical device industries. Summ Systems started in 2013 and has offices in Sweden (Linköping, Sandviken and Gothenburg), Norway (Oslo/Sandvika) and Denmark (Roskilde) with 23 employees. www.summsystems.com
Pro-STEP has been an active player in modernizing the Estonian machine building industry since 1997. Pro-STEP’s offering covers engineering applications, software, hardware and consulting. Pro-STEP’s staff has gained a thorough competence for CAD/CAM and PLM solution packages and related services from long time working experience with customers in the Baltic markets.
Pro-STEP has been conducting research and deploying Finite Element Methods (FEM) packages for performing static and dynamic structural analysis, solving flow-related challenges and thermostatic tasks. Recent development areas include the implementation of artificial intelligence and adopting expert systems in the field of mechanical engineering. The core focus is in integrated design environment adding value to customers through translating the technical opportunities of industrial digitalization to value adding business opportunities. www.pro-step.ee