Think3 capital
"Drawing on the combined strengths of think3 and Beijing Extech Science and Technology, the newly launched company will be able to deliver incredible value through expanded research and development, a broader range of products and services and massive sales and support capabilities". "This agreement is key to think3's strategy to grow its direct presence in China" said Filippo Zuccarello, CEO, think3 and Chairman of EXTECH.
The new company will have its head quarters in Beijing and the global R&D organization will have bases in China, Italy, France and India.
Ltd., and the new management team presented the background to the Joint Venture and shared the vision for the aggressive growth plans at the Official Announcement Ceremony in Beijing. The new company will combine think3's current solution offering with EXTECH's portfolio of products to penetrate the fast growing Chinese CAD, CAM and PLM markets with cutting edge solutions.įilippo Zuccarello, CEO of think3, Joneson Wang, CEO of Beijing Extech Science and Technology Co. EXTECH will also benefit from Beijing Extech Science and Technology Co Ltd's strong distribution and sales network which counts 18 sales offices across the country, with over 6,000 customers. The new investments in the joint venture will considerably strengthen EXTECH's R&D capability and local support coverage. The alliance will allow think3 to enter this strategic market to jointly provide CAD/CAPP/PDM/MPM integrated solutions through Beijing Extech Science and Technology' established sales network backed up by its deep understanding of Chinese customer requirements.
THINK3 CAPITAL SOFTWARE
Supported by new investment in think3 from world leading venture capital firms NEA and CrossLink, the newly launched company is set to become the leading player in the Chinese manufacturing software market. Think3 Inc., the only supplier to offer technology solutions that combine product concept, engineering and tooling environments, and Beijing Extech Science and Technology Co Ltd, a Chinese leading PLM software vendor, have announced the creation of a joint venture called EXTECH. CIMdata PLM Industry Summary Online ArchiveĬompany News Think3 and EXTECH Join Forces to Lead Chinese Market