PRESS RELEASE

PDSVISION Acquires PD Solutions – Strengthening its Global Presence

SINGAPORE—The PDSVISION Group AB (PDSVISION) today announces that it has closed an agreement to acquire Product Development Solutions Pte Ltd. (PD Solutions). With this acquisition, PDSVISION expands its presence in the Asia-Pacific (APAC) region. This strategic move further solidifies PDSVISION’s position in the market and enhances its ability to serve customers worldwide.

Following the transaction, Mr Tay Ming Hui, founder of PD Solutions, was appointed as the Managing Director of PDSVISION for Southeast Asia.

About PD Solutions

PD Solutions, founded in 2003 and with offices in Singapore and Malaysia (Penang and Kuala Lumpur), has a strong track record of delivering innovative software solutions to its customers. With a focus on excellence and customer satisfaction, PD Solutions has built a loyal customer base across various industries. Their expertise in software sales, professional services, and training aligns perfectly with PDSVISION’s mission to empower organizations through cutting-edge technology.

Joining forces with PDSVISION is an exciting step for PD Solutions; our combined strengths will create new opportunities for our customers. As part of a global organization, our collective know-how and experience will give our customers an even broader solution portfolio and fuel future growth.

Tay Ming Hui

Managing Director, PD Solutions

“We are excited to welcome PD Solutions to the PDSVISION family. Their talented team and customer-centric approach align perfectly with our vision.

Through acquiring PD Solutions, PDSVISION further expands its reach and robust solution offerings with key partners like PTC and Ansys. PTC and Ansys play pivotal roles in our portfolio, and together, we’ll drive innovation and excellence for organizations worldwide.

Mats Oretorp

CEO, PDSVISION

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 on 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 range of software applications in the main solution domains under the name myPDS.

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