CADMATIC has acquired Kymdata and CADS softwares - The development of the CADS business continues to be even stronger
Finnish CADMATIC Ltd has acquired Kymdata Ltd. The acquisition includes the entire share capital as well as IPRs to all Kymdata’s CADS software and its business agreements. The combined turnover of CADMATIC and Kymdata altogether for 2019 is expected to be approximately EUR 28 million and the number of employees over 200.
CADMATIC Ltd is a leading 3D design, engineering and information management software developer and supplier for the marine, process and energy industries. The growing customer base includes over 1000 customer organizations in 59 countries. CADMATIC’s headquarters are located in Turku, Finland. The company also has offices in the Netherlands, India, China, Russia, the UAE, Italy, Hungary, Spain, Sweden and Singapore, as well as certified resellers in over 15 countries.
"Kymdata is a well-run, profitable and growing company. I am very pleased that we have acquired the company and its products. The acquisition is in line with CADMATIC's growth strategy. It expands our product portfolio and position in our core business area, while providing us with excellent opportunities for future growth. The strong position of CADS products in their business areas demonstrates the competitiveness of the products. The acquisition also brings CADMATIC a significant amount of expertise in the fields of electrical, automation and instrumentation design together with construction. The employees of both companies are extremely motivated and I am convinced that the we will achieve great success as a strong team in the future," states the CEO of CADMATIC Jukka Rantala.
“We are very happy that we have reached an agreement with CADMATIC. Kymdata and CADMATIC are very similar companies; product development oriented and utilizers of the latest technologies. We have a similar value base, including strong customer-oriented operations. We see significant synergies and growth opportunities for all our products. CADMATIC’s strong international expertise and worldwide sales network enable our CADS products to have a clear acceleration lane for internationalization,” says the CEO of Kymdata Jyrki Metsola.
The acquisition does not bring any change to the CADS customers nor does it require any action from our customers. Kymdata Oy will continue to be your contractual partner and your former contact persons will continue to serve you.
For more information:
Kymdata Ltd, CEO Jyrki Metsola, tel. +358 400 427796, firstname.lastname@example.org
CADMATIC Ltd, CEO Jukka Rantala, tel. +358 40 5287130, email@example.com