Dassault Systemes looking to expand into energy vertical

Monday, April 18, 2011

Renewable energy, oil and wind are among the new sectors in Colombia that French software provider Dassault Systemes is looking to serve.

"We are very interested in the energy industry, particularly companies involved in renewable energy or wind power. We also want the have the market in the oil sector, in companies that develop products for mass consumption, [and] in electricity generation plants," said Marcelo Lemos, company president for Latin America, in an interview with local daily La República.

Although the company already has customers in the country - such as the national learning service Sena and the air force - Dassault wants to increase its portfolio by working with energy providers. "The [energy] market is very large, and the growth of the market is ensured by the growth of the region.... Their technological needs are very broad," Lemos previously told BNamericas.

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The executive said expansion plans include opening an office in Bogotá by 2012, to support operations in nearby countries such as Ecuador and Venezuela.

The company expects revenues to increase 35% in Latin America this year. New clients signed up last year include Argentina's Universidad de La Plata and Mexico's Universidad de Nuevo León. Existing customers include Brazilian industrial equipment manufacturer Enquip, which is a supplier for federal energy company Petrobras (NYSE: PBR).

Dassault Systemes supplies 3D and product lifecycle management (PLM) solutions. Last year, it moved its Latin America headquarters to Argentina from California, and also has regional facilities in Brazil and Mexico.