PRESS RELEASE

PDSVISION acquires MSV Product Development & Service Consulting S.L.

BARCELONA, SPAIN – PDSVISION (PDSVISION Group AB) today announces that it has closed an agreement to acquire MSV Product Development & Service Consulting S.L. (MSV Consulting) from the current owners. With this acquisition PDSVISION expands into the new markets in southern Europe.

MSV Consulting, founded in 2021, with offices in Barcelona and Madrid, is focused on product design, systems engineering & product lifecycle management software and services. MSV Consulting will be the foundation for PDSVISION’s expansion into the Iberian market. Further, Francisco Moreno Gil, will be appointed Managing Director at the same time as the acquisition.

Effectively, 29 Jan 2024, MSV Consulting will change its company name, at the same time as the acquisition, to PDSVISION S.L.

I´m very excited to join forces with PDSVISION. We share the same values, culture and business goals. We will now be part of a global organization in which our combined know-how and experience will give customers an even broader solution portfolio and fuel future growth.

Joan Lluis Vivanco

Co-Founder, MSV Consulting

We are very pleased to join forces with the founders of MSV Consulting who rapidly built a strong customer base with high quality relationships. We look forward to accelerating the growth journey with the talents in MSV and build a strong brand in Spain and Portugal. We are committed to help local and international customers drive digital transformation throughout their value chain – across engineering, manufacturing and customer services as well as their suppliers and customers.

Mats Oretorp

CEO, PDSVISION

“I feel very happy and privileged to join and to take over the leadership of the business of PDSVISION in the Iberian Market. As we move into 2024 and beyond, we will continue to focus on our customer’s needs being the preferred advisor on their journey to enable the digital thread.

Francisco Moreno Gil

Newly assigned Managing Director for Iberia

About MSV Consulting

MSV Consulting was founded in 2021 and is today a PTC Partner Solution Provider in the Iberian market (Spain/Portugal). MSV Consulting enabling the digital thread with software solutions, training, expert support and tailored services across the entire PTC product range.

MSV Consulting has over 30 years of experience in improving a company’s engineering and design processes across a diverse range of industries.

About PDSVISION

PDSVISION Group (PDSVISION), was founded in 2008 and is a global provider of solutions and services focused on helping companies successfully enable the digital thread, across the entire product lifecycle.

PDSVISION is considered the leading and trusted advisor within the product development sector. This is achieved by combining best-in-class software solutions, technical support, and professional training, located across the globe. PDSVISION’s solutions are centered around the portfolio of solutions provided by PTC Inc. and Ansys Inc.

These are focused towards the areas of 3D Design (CAD), Product Lifecycle Management (PLM), Service Lifecycle Management (SLM), Internet of things (IoT), Augmented Reality (AR), Simulation (CAE), Application Lifecycle Management (ALM) and Systems Engineering. PDSVISION develops its own range of software applications in the main solution domains, in the name, myPDS.

PDSVISION is headquartered in Sweden and has operations in Canada, Denmark, Finland, Germany, India, Norway, Portugal, Singapore, South Africa, Spain, Sweden, United Arab Emirates (UAE), United Kingdom and United States.

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