Software provider Nemetschek SE acquired today 100% of the shares of MCS Solutions group, headquartered in Antwerp, Belgium. MCS Solutions offers an integrated and modular Integrated Workplace Management System (IWMS) that covers core functional areas in real estate, facility and workplace management for large private and public organizations. Additionally, MCS Solutions developed a sophisticated smart building platform COBUNDUTM which uses IoT sensors and big data analytics to optimize productivity and efficiency in both occupant experience and facility service delivery.
Leading position in a strongly growing market for building operations
Building owners are investing in technology to drive significant cost benefits, simplified operations and maintenance, reduced energy use, and growing integration of IoT and smart buildings. By investing in Smart Building technology, owners can increase building efficiency, better satisfy the needs of occupants and differentiate their space in the competitive real estate market. The rapid consolidation of solution providers recently in the market signals the major shift in technology use that is accelerating.
In this changing landscape, MCS Solutions has become a well-known and well-respected player. MCS Solutions helps organizations improve real estate performance in terms of total cost, risk reduction, employee satisfaction, brand perception and sustainability. MCS Solutions already serves over 1.5 million active users across the globe in more than 60 countries across many vertical industries, including private and public building owners, occupants, retail, commercial real estate, financial services, manufacturing, transportation and facility service providers.
MCS’s solutions are offered primarily as a subscription business model globally through direct sales and partnerships. The recurring revenues will continue to increase over the next years and will replace the traditional license model.
Perfect strategic addition
By acquiring MCS Solutions, the Nemetschek Group will enter this dynamically growing building operations management market. At the same time, Nemetschek will address a new customer group in den Manage segment and considerably extend its target markets beyond Design and Construction, where Nemetschek already has a leading market position. This makes Nemetschek the sole and worldwide leading software provider, providing key workflow offerings across the entire lifecycle of buildings.
“MCS Solutions is a perfect match for our solution portfolio that opens up a new market segment in which we will build to a leading market position as we have in BIM (Building Information Management) for Design and Construction. With the integration of MCS Solutions, we drive digitalization through the entire building process and are going to realize a seamless exchange of information before and, continuously, during the usage of a building,” says Patrik Heider, Spokesman and CFOO of the Nemetschek Group. “With the strong and global market position of MCS Solutions, we are taking on the role of being an innovator for the entire lifecycle of buildings.”
“For MCS, the acquisition means accelerated growth into international markets by benefiting from Nemetschek’s global customer and partner access, without changing its motivating culture and identity.” comments Koen Matthijs, CEO of MCS Solutions. “For our customers, it allows them to continue using our leading IWMS and Smart Building software, while benefiting from increased integration with Nemetschek’s software solutions throughout the Building Lifecycle.“
Steven Lambert, COO of MCS Solutions, also adds: “We look forward to working closely with the other Nemetschek Group brands to make digital project information more transparent and easier to access by all parties in Design, Build, and Manage stages.” Both managers will stay in their roles after the acquisition.
MCS Solutions employs over 200 people. In addition to its headquarters in Antwerp, the company has 7 regional offices in Europe, USA, Middle East and APAC. MCS Solutions anticipates revenues amounting to around EUR 15 million for the year 2018. The purchase price for 100% of the shares represents a revenue multiple of between 3-3.5x.
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