M&A Activity • Dec 2, 2013
M&A Activity
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Corporate | 2 December 2013 10:12
Nemetschek AG: Nemetschek successfully concludes acquisition of Data Design System (DDS)
Nemetschek AG / Key word(s): Acquisition
02.12.2013 / 10:12
Corporate News
Nemetschek successfully concludes acquisition of Data Design System (DDS)
– Acquisition of approximately 99.99 percent of DDS shares
– Consolidation as of December 1, 2013
Munich, December 2, 2013 – Nemetschek AG (ISIN 0006452907) has successfully concluded its acquisition of Norway-based Data Design System ASA. In total, approximately 99.99 percent of DDS shares have been transferred to Nemetschek.
DDS is a leading CAD software provider for intelligent planning of technical building equipment and delivers highly functional solutions for mechanical, electrical and plumbing (MEP), heating, ventilation, air-conditioning and photovoltaic engineering. With this acquisition, Nemetschek Group adds MEP building process solutions to its solution portfolio. In addition to important technology expertise, this move allows Nemetschek to expand into new markets and customer groups.
In the financial year 2012, DDS achieved revenues of EUR 8.7 million and an operating result of EUR 1.5 million. DDS will continue as an independent brand under the same successful management. The company will be consolidated as of December 1, 2013.
The purchase price in the low two-digit million euro range was paid in cash.
For further information on the company, please contact:
Nemetschek AG
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229
About Nemetschek AG
Nemetschek is a globally leading software provider for the architecture, engineering, construction and management industry (AECM). Headquartered in Munich, Germany, with its 12 brands it today serves more than 800,000 users in 142 countries from more than 40 locations worldwide. Founded in 1963 by Professor Georg Nemetschek, the Group focuses on innovations such as Open Building Information Modeling (Open BIM) for the AECM market of tomorrow. Publicly listed since 1999 and quoted on the TecDAX, Nemetschek achieved 2012 revenues of EUR 175 million and an EBITDA of EUR 41 million.
End of Corporate News
02.12.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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| Language: | English |
| Company: | Nemetschek AG |
| Konrad-Zuse-Platz 1 | |
| 81829 München | |
| Germany | |
| Phone: | +49 (0)89 92 793-0 |
| Fax: | +49 (0)89 927 93-5200 |
| E-mail: | [email protected] |
| Internet: | www.nemetschek.com |
| ISIN: | DE0006452907 |
| WKN: | 645290 |
| Indices: | TecDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 242590 02.12.2013 |
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