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Aveva acquires Bocad for £14m
Engineering software group Aveva yesterday announced that it had bought 3D specialist Bocad. The deal is worth £14m. Richard Longdon, chief executive of Aveva said: “This acquisition further extends Aveva’a position in the Engineering & Design market providing the most comprehensive 3D design software for plant and marine. “We’re excited about the opportunity to unlock the commercial potential for Bocad’s leading technology.” Bocad has offices in Belgium, Germany, Malaysia, Canada and France. A total of 90 staff from the firm – which specialises in 3-D designs for steel, will come with the acquisition.