Addnode Group buys Finnish cad expert
The acquisition of CAD-Expert Oy’s operations strengthens the business of Addnode Groups subsidiary Cad-Q in the Finnish market. CAD-Expert Oy develops and supplies software for computer-aided design and related consulting and training services.
Addnode Group specialises in IT solutions for design, engineering and product lifecycle management, with 950 employees in Sweden, Norway, Finland, Denmark, Serbia, India and USA.
CAD-Expert Oy was established in 1988 and the company has annual net sales of approximately SEK 3m. The acquired business develops and supplies software for computer-aided design and related consulting and training service. CAD-Expert’s solutions developed for varied industries work on top of Autodesk’s AutoCAD and AutoCAD LT software.
The acquired business will be integrated as part of Cad-Quality Finland Oy’s operations as of the fourth quarter 2013.
“CAD-Expert Oy will increase our presence in the Finnish market and give us an even better opportunity to be a part of and contribute to our customers’ daily design workflow with own technology and this way further strengthen Cad-Q’s position as software developer“, says Rolf Kjærnsli, Managing Director Cad-Q and head of Business area Design Management Addnode Group.
“Selling the operational part of CAD-Expert to Cad-Q was a natural choice knowing the strong position Cad-Q already has and the potential there is, in the Finnish market. Cad-Q’s wide contact network will allow better distribution for software developed by CAD-Expert. Solutions have been designed to be user friendly, make design work easier and are according to Finnish standards”, says Kusti Vuorensivu, Owner and Managing Director of CAD-Expert Oy.
The parties have decided not to reveal any details about the transaction.