Nemetschek AG: Nemetschek successfully concludes acquisition of Data Design System (DDS)
Nemetschek AG / Key word(s): Acquisition 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 About Nemetschek AG End of Corporate News 02.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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: | investorrelations@nemetschek.com | |
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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