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Monday, January 04, 2016

Nemetschek successfully concludes acquisition of Solibri and relinquishes non-strategic interest in Glaser -isb cad

Nemetschek AG concludes its acquisition of 100% of the shares of Solibri Oy, based in Helsinki, Finland, as announced on December, 18. 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. Solibri’s solutions 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 consolidated as of January 1, 2016.

Nemetschek AG has sold its 70% interest in Glaser -isb cad- Programmsysteme GmbH, headquartered in Wennigsen, Germany, to the CEO of Glaser -isb cad-. The company, which had been part of the Nemetschek Group since 1998, develops and distributes CAD program systems for structural engineering. With the sale of the shares of Glaser -isb cad-, the Nemetschek Group is consolidating its activities in the area of CAD engineering solutions in the 100%-owned subsidiary Allplan. The sales price for the shares amounts to EUR 2 million. Glaser -isb cad- with revenues of around EUR 2.3 million in 2015 was deconsolidated as of December 31, 2015.

“With the acquisition of Solibri and the sale of our interest in Glaser -isb cad-, we are further focusing our strategic alignment. This centers on growth, internationalization, innovation and the creation of synergies within our solution portfolio. In this way, we will further extend our market position as a globally leading Open BIM company,” says Patrik Heider, Spokesman and CFOO of the Nemetschek Group.

To view the original press release, please click here.

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