DGAP-News: Nemetschek SE acquires Design Data, a leading

DGAP-News: Nemetschek SE / Key word(s): Takeover Nemetschek SE acquires Design Data, a leading US provider of BIM 3D modeling software for steel structures 28.07.2016 / 09:03 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate News Nemetschek acquires Design Data, a leading US provider of BIM 3D modeling software for steel structures - Design Data's SDS/2 software solution is the premium product for steel detailing - High-level strategic fit and significant extension of the AEC portfolio in the structural workflow - Considerable increase in competence as a multi-material provider in the BIM market Munich, July 28, 2016 - Software provider Nemetschek SE (ISIN DE0006452907) has agreed today to acquire 100% of the shares of Design Data Corporation, headquartered in Lincoln, Nebraska, USA. Design Data is a leading provider of Building Information Modeling (BIM) software solutions for the structural steel detailing industry. The BIM software suite from Design Data provides sophisticated and complete solutions covering the entire steel delivery workflow, from structural calculations and detailing to fabrication and erection. Design Data's flagship product, SDS/2 Detailing, offers the highest level of automation and intelligence available in any 3D steel detailing package. The customer base includes engineering design companies, steel fabricators, general contractors and detailers. With around 4,000 users, Design Data maintains a market share of around 45% in North America. As a strong supporter of open standards, Design Data fits perfectly into the Nemetschek philosophy by enabling collaboration of different software solutions across the building process (Open BIM). At the same time, the Group's US image as an Open BIM provider will be positively expanded. Design Data was founded in 1981 and has 65 employees. Sales are made via direct sales and a network of partners. For the last 12 months, Design Data anticipates revenue amounting to around US $10 million. In keeping with the strategic alignment of the Nemetschek Group, Design Data will continue to be led by its current management as an independent brand company in the future. With the acquisition, the Nemetschek Group fills a last gap in its AEC portfolio and expands its expertise in engineering detailing software for steel. Nemetschek is now able to cover the complete structural workflow from analysis and design (via the brand Scia), through detailing and fabrication (Design Data) all the way to reviews and markup (Bluebeam). At the same time, the steel structure solution expands on Nemetschek's current expertise in concrete construction. As a solution provider for steel and concrete, Nemetschek rounds off its competence as a multi-material provider, and can make even better use of its growth potential in the growing BIM market. The Nemetschek Group simultaneously reinforces its international market presence especially in North America, the key market for Design Data with around 80% of their revenues. Design Data, in turn, will profit from Nemetschek's strong presence in Europe, where Nemetschek already has established a leading market position with its engineering solutions for concrete construction. This market coverage in Europe is an ideal basis for future growth of Design Data in that region. "Design Data fits perfectly into the strategy of the Nemetschek Group. The acquisition accelerates our internationalization, especially in the USA, and reinforces our market position as an Open BIM provider in the building process," says Patrik Heider, Spokesman and CFOO of the Nemetschek Group. "For our company, the acquisition means accelerated growth into international markets," said Damon Scaggs, president of Design Data. "For our customers, it allows them to continue to use the leading software in the structural steel detailing industry, while now benefitting from increased integration with Nemetschek's software solutions throughout the BIM process. SDS/2 seamlessly plugs into Nemetschek's architectural and design offerings, while providing their customers access to Design Data's longstanding manufacturing expertise." The purchase price for 100% of the shares amounts to about US $46.4 million (cash-/debt-free). This is supplemented by an earn-out component, which is linked to the increase in revenue and to profitability in the financial year of 2018. According to today's perspective, an earn-out payment amounting to US $2.5 million is forecast. The financing of the purchase price is provided by taking out of a loan in the amount of US $42 million and also by using the company's own capital resources. The acquisition is expected to be closed by the beginning of August 2016. For further information on the company, please contact: Nemetschek Group Stefanie Zimmermann Investor Relations +49 89 92793 1229 szimmermann@nemetschek.com About the Nemetschek Group The Nemetschek Group, Munich, is a globally leading software provider for the AEC (Architecture, Engineering, Construction) industry. With its 12 brands, the Nemetschek Group now serves around 2.1 million users in 142 countries from more than 50 locations worldwide. Founded in 1963 by Professor Georg Nemetschek, the company focuses on innovations such as Open Building Information Modeling (Open BIM) for the AEC market of tomorrow. Publicly listed since 1999 and quoted on the TecDAX, the company achieved revenue in the amount of EUR 285.3 million and an EBITDA of EUR 69.5 million in 2015. --------------------------------------------------------------------------- 28.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Nemetschek SE 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, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 486951 28.07.2016