3D design, engineering and information management software developer CADMATIC has announced that it has acquired fellow Finnish software company Kymdata.
The acquisition increases CADMATIC’s estimated turnover to €28 million, the company said, and adds Kymdata’s 43 employees to a workforce that will now employ more than 200 people.
Kymdata’s computer aided design software includes software modules for HVAC calculation and modelling as well as structural design, and will be added to CADMATIC’s product portfolio of structural and mechanical design and information management systems for ships and process plants.
“Kymdata is a well-run, profitable and growing company. I am very pleased that we have acquired the company and its products,” said CADMATIC CEO Jukka Rantala.
“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 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.”