Moldflow to Acquire C-MOLD in Cash Deal

Moldflow Corp., the Lexington, MA developer of injection molding simulation and optimization software, announced that it has signed an agreement to acquire C-MOLD, another provider of simulation software, for $11 million in cash.

Following the closing of the transaction, which is scheduled to occur by May 31, C-MOLD will become a wholly owned subsidiary of Moldflow Corp. Moldflow says it intends to continue to support all C-MOLD and Moldflow product lines while developing a complete product integration plan that leverages individual product strengths.

The integration will be done in close consultation with both Moldflow and C-MOLD customer bases. "With the combined talents and technologies of Moldflow and C-MOLD, we will be in a better position to capitalize on the market opportunity for expanded product offerings focused on optimizing plastic products," said Moldflow president and CEO Marc Dulude.