Archived news announcement
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Archived news announcement
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Intergraph Acquires POPPENHÄGER GRIPS GMBH
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
POPPENHÄGER GRIPS GMBH, a software company based in Neunkirchen/Saarland,
Germany. Poppenhäger 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 Poppenhäger 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."
Poppenhäger 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 Poppenhäger 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 Poppenhäger 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 Poppenhäger Grips
customer base can benefit from our global product development efforts
while gaining access to the full capabilities of Intergraph. Together,
Intergraph and Poppenhäger 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."
www.intergraph.com
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