CAD-Expert Oy was established in 1988 and the company has annual net sales of approximately SEK 3 M. 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 (rolf.kjaernsli@cad-q.no)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.
Addnode Group acquires the operations of CAD-Expert Oy
STOCKHOLM, 1 November 2013 – 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.
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