Nemetschek AG / Key word(s): Acquisition
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:
About Nemetschek AG
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