Nemetschek SE  / Key word(s): Takeover

28.07.2016 08:44

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad Hoc Report

Nemetschek acquires Design Data, a leading US provider of BIM 3D modeling software for steel structures

- Design Data's SDS/2 software solution is the premium product for steel     detailing

- High-level strategic fit and significant extension of the AEC portfolio     in the structural workflow

- Considerable increase in competence as a multi-material provider in the     BIM market

Munich, July 28, 2016 - Software provider Nemetschek SE (ISIN DE0006452907) has agreed today to acquire 100% of the shares of Design Data Corporation, headquartered in Lincoln, Nebraska, USA.

Design Data is a leading provider of Building Information Modeling (BIM) software solutions for the structural steel detailing industry. The BIM software suite from Design Data provides sophisticated and complete solutions covering the entire steel delivery workflow. The customer base includes engineering design companies, steel fabricators, general contractors and detailers. With around 4,000 users, Design Data maintains a market share of around 45% in North America.

With the acquisition, the Nemetschek Group fills a last gap in its AEC portfolio and expands its expertise in engineering detailing software for steel. The steel structure solution expands on Nemetschek's current expertise in concrete construction. As a solution provider for steel and concrete, Nemetschek rounds off its competence as a multi-material provider, and can make even better use of its growth potential in the growing BIM market.

At the same time, the Group's US image as an Open BIM provider will be positively expanded. Design Data, in turn, will profit from Nemetschek's strong presence in Europe, where Nemetschek already has established a leading market position with its engineering solutions for concrete construction. This market coverage in Europe is an ideal basis for future growth of Design Data in that region.

Design Data was founded in 1981 and has 65 employees. For the last 12 months, Design Data anticipates revenue amounting to around US $10 million. The purchase price for 100% of the shares amounts to about US $46.4 million (cash-/debt-free). This is supplemented by an earn-out component, which is linked to the increase in revenue and to profitability in the financial year of 2018. According to today's perspective, an earn-out payment amounting to US $2.5 million is forecast. The financing of the purchase price is provided by taking out of a loan in the amount of US $42 million and also by using the company's own capital resources. The acquisition is expected to be closed by the beginning of August 2016.
For further information on the company, please contact:
Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229
szimmermann@nemetschek.com


28.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      Nemetschek SE
              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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,               Stuttgart, Tradegate Exchange
 
End of Announcement DGAP News-Service  

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