Valeo Ventures Invests in TTF

9 November 2000

Valeo Ventures Invests in TTF

    PARIS--November 8, 2000--Valeo Ventures today announced that it is investing in TTF, a specialist in digital data exchange and file conversion software for CAD (Computer-Assisted Design) applications.
    TTF has developed applications that will enable automotive manufacturers to work together more efficiently by allowing them to exchange different CAD software files.
    These applications respond to automotive industry requirements for on-line data exchange and therefore help reduce vehicle design lead-times.
    TTF's customers include Renault, Messier, Dassault Systemes, Ansys and Rockwell.
    Valeo Ventures has agreed to subscribe to a reserved capital increase allowing it to take a 15% stake in TTF.
    Commenting on this agreement, Philippe Gire, Vice-President of Strategy and e-Business of Valeo and President of Valeo Ventures, stated: "This is an excellent investment for Valeo Ventures, since TTF offers a really innovative solution for digital data exchange, a key domain in the automotive industry."
    Francis Allias, President of TTF, added: "TTF's association with Valeo will allow us to develop our offer more quickly and facilitate our penetration with customers in the automotive industry."