The Finnish software solutions company has announced the acquisition of Kymdata. The acquisition will help CADMATIC expand its product portfolio. The acquisition includes the entire share capital and IPRs to all Kymdata’s CADS software and its business agreements.
The acquisition is slated to increase CADMATIC’s turnover to approximately EUR 28 million. Kymdata’s 43 employees will join CADMATIC after this acquisition. With this development, the total employee count at CADMATIC will be over 200.
CADMATIC CEO Jukka Rantala said: “Kymdata is a well-run, profitable and growing company. I am very pleased that we have acquired the company and its products. 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 acquisition of Kymdata will support CADMATIC’s strategic growth goals especially as a global market leader in the marine and process design and information management software.
Kymdata CEO Jyrki Metsola commented: “We are very happy that we have reached an agreement with CADMATIC. Kymdata and CADMATIC are very similar companies; product development oriented and utilizers of the latest technologies. We have a similar value base, including strong customer-oriented operations.”