Nemetschek acquires leading BIM specialist Solibri
Fri, 18 Dec 2015 08:30:31
Inside Information (AD-HOC Release): Nemetschek acquires leading BIM specialist Solibri
Nemetschek AG / Key word(s): Takeover
18.12.2015 08:30
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Nemetschek acquires leading BIM specialist Solibri
- Solibri is the market leader in quality assurance and quality control
for Building Information Modeling (BIM), the digital work method in the
construction industry
- High-level strategic fit and significant extension of Nemetschek's
solution portfolio for design and building processes
- Considerable growth opportunities as a result of increasing focus on
BIM standards required for public sector building projects worldwide
Munich, December 18, 2015 - Software provider Nemetschek AG (ISIN
0006452907) has agreed today to acquire 100% of the shares of Solibri Oy,
based in Helsinki, Finland. Nemetschek was able to successfully beat
several potential buyers because of its group structure with an independent
brand offering.
Solibri is a globally leading and internationally aligned provider of
software solutions for the quality assurance and quality control of
Building Information Modeling (BIM), the digital work method for designing,
constructing and operating buildings. The "Solibri Model Checker" validates
that BIM models in particular are compliant in terms of integrity, quality
and country-specific standards throughout the whole design and building
processes. The evaluation of entire projects according to logical analysis
rules which detect errors is unique worldwide. Solibri - like all brands of
the Nemetschek Group - is a proponent of open standards (Open BIM) and
enables the application of building-relevant information via open
interfaces across all stages in the building process. Strategically,
Solibri is very significant for the further development of the Nemetschek
Group. The solutions are a perfect complement; they will have a central
position in the Nemetschek Group's solution portfolio and connect all
brands and their products by means of an integrated and holistic workflow.
Solibri was founded in 1999 and has around 35 employees. In addition to its
headquarters in Helsinki, the company has branches in the US and UK. For
the 2015 financial year, Solibri anticipates revenue amounting to just
under EUR 5 million, an increase of more than 50% compared to the previous
year. An operating margin (EBITDA margin) of more than 20% is expected for
2015.
The fixed component of the purchase price of the acquisition amounts to EUR
32 million. Financing is through the taking out of a loan. This is
supplemented by earn-out components, which are linked to the increase in
revenue and to profitability in the financial year of 2017. According to
today's perspective, earn-out payments amounting to approx. EUR 13 million
are forecast. The acquisition is expected to be completed by the end of
2015.
For further information on the company, please contact:
Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229
szimmermann@nemetschek.com
18.12.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: 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
End of Announcement DGAP News-Service
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