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CADMATIC ACQUIRES FINNISH SOFTWARE COMPANY KYMDATA

Thursday, August 22, 2019 

Cadmatic has acquired Finnish software company Kymdata in a strategic acquisition which expands Cadmatic's product portfolio and includes the entire share capital as well as IPRs to all Kymdata’s CADS software and its business agreements.

The acquisition increases Cadmatic’s estimated turnover to €28 million. With the addition of Kymdata’s 43 employees, Cadmatic will employ over 200 persons. Kymdata's CADS Electric software is the market leader in electrical and automation design in Finland and Estonia. The CADS product family includes software modules for HVAC calculation and modelling as well as structural design, which will complement Cadmatic's portfolio of structural and mechanical design and information management for ships and process plants.

Following the acquisition, Cadmatic says it will be able to provide design and information management software to its customers in all design disciplines as a 'one-stop shop”, which will create opportunities for future growth. The deal will see the transfer of a significant amount of expertise in electrical, automation, instrumentation design and construction to Cadmatic.

"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 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," said Cadmatic CEO Jukka Rantala.

“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. We see significant synergies and growth opportunities for all our products. Cadmatic’s strong international expertise and worldwide sales network enable our CADS products to have a clear acceleration lane for internationalization,” said Kymdata CEO Jyrki Metsola.

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