Addnode Group acquires the operations of CAD-Expert Oy
ET | Source:Addnode Group AB
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.
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 (email@example.com)Kjærnsli,
Managing Director Cad-Q and head of Business area Design Management Addnode
“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.
For more information:
Rolf Kjærnsli, CEO of Cad-Q and business area manager for Design Management
Phone: +47 915 75 961, e-mail: firstname.lastname@example.org
Head of Business Development and Corporate Communication, Addnode Group AB
Phone: 46 (0) 704 205 831, e-mail: email@example.com
About Addnode Group
Addnode Group provides mission-critical IT solutions. We are the Nordic market
leader in IT solutions for design, engineering and product lifecycle management.
We also have a strong market position in Sweden in case management systems to
the public sector, municipal engineering systems, geographical information
systems and a strong offering in the web area.
We are 950 employees in Sweden, Norway, Finland, Denmark, Serbia, India and USA.
The Group is organized in four business areas under several brands. With over
3000 customers using our solutions in more than 60 countries, we continue to
build a strong and extensive portfolio of mission-critical IT solutions. In 2012
net sales totaled SEK 1.365 M. Addnode's Series B share is listed on the OMX
Nordic List, Small Cap. More information about Addnode Group on
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.