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Intergraph Korea acquires TechServer

05/08/2008

Huntsville, Ala., May 6, Intergraph Korea has acquired all the shares of TechServer, a Seoul-based software and services company specializing in automated drafting, data exchange and system integration in the shipbuilding, process, power and offshore industries.

The strategic acquisition will complement and enhance Intergraph’s SmartPlant and SmartMarine Enterprise engineering software solutions and expand Intergraph’s capability to serve its growing Asia-Pacific customer base. Terms of the transaction were not disclosed.

TechServer has extensive expertise in software enhancement and integration services, especially for shipbuilding, which is a key enhancement to the Intergraph’s Asia-Pacific marine services center capabilities; TechServer’s software automates orthographic drawing in the design of piping, HVAC and raceways. Its e-Draw, e-Clash Review and e-Weld open solutions will be integrated into the SmartPlant and SmartMarine Enterprise portfolios to deliver increased functionality and improved productivity for Intergraph process and power plant and marine customers.

“The acquisition of TechServer is consistent with our vision of investing in the future growth of Intergraph and, in particular, growth in the ever-important Asia-Pacific region,” said R. Halsey Wise, Intergraph president and CEO. “TechServer will provide Intergraph and our fast-growing plant and marine customer base with new capabilities and expanded support in this region.”

“Our complementary solutions, resources and cultures will combine to bring added value for all our customers,” said TechServer president S.Y. (Simon) Cho. “We are delighted to join Intergraph and to be an integral part of this dynamic, growing company.”