DGAP-News: Nemetschek AG / Key word(s): Acquisition
Nemetschek successfully concludes acquisition of Bluebeam Software
31.10.2014 / 10:03
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Corporate News
Nemetschek successfully concludes acquisition of Bluebeam Software
- Acquisition of 100 percent of shares
- Consolidation as of November 1, 2014
- Growth is accelerated as a result of Bluebeam
- Increase in 2014 forecast revenues to EUR 211 to 216 million (formerly
EUR 207 to 212 million)
Munich, October 31, 2014 - Nemetschek AG (ISIN 0006452907) has successfully
concluded the acquisition of Bluebeam Software, Inc., headquartered in
Pasadena/California, USA. In total 100 percent of Bluebeam shares have been
transferred to Nemetschek.
Bluebeam is a leading provider of PDF-based workflow solutions for digital
work processes and collaboration in the AEC industry. The innovative and
strongly growing company, with more than 650,000 users worldwide, already
counts more than 74% of the top 50 US companies in the construction
industry as its customers.
Bluebeam optimally suits our solution portfolio and our commitment to open
standards. All solutions of the Nemetschek Group can be integrated into the
Bluebeam workflow by means of simple PDF conversion. The platform
technology "Bluebeam Revu" enables digital and paperless workflows and
significantly improves collaboration between all those involved in the
building project, which ultimately leads to an increase in efficiency in
the building process. At the same time, the acquisition allows us to
reinforce our international market presence in North America. Bluebeam, in
turn, will profit from the strong position of the Nemetschek Group in
Europe and Asia.
In the 2013 financial year, Bluebeam achieved a year over year revenue
growth rate of 48%, amounting to approx. USD 22.4 million. In the first
half of 2014, Bluebeam was able to grow further and generate revenues of
USD 16.5 million and an operating result (EBIT) of USD 3.2 million. The
purchase price for the acquisition amounted to about USD 100 million
(cash-/debt-free) and was settled using the high cash position of the
Nemetschek Group and the taking out of a loan.
Growth accelerated, 2014 revenue forecast increased
In the course of the acquisition and consolidation as of November 1, 2014,
the Nemetschek Group adjusts its forecast for the current financial year
2014 upwards. Revenues in the range of EUR 211 to 216 million are
anticipated (formerly: EUR 207 to 212 million). The forecast for the EBITDA
margin remains unchanged between 23% and 25%.
For further information on the company, please contact
Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229
szimmermann@nemetschek.com
About Nemetschek Group
Nemetschek, Munich, is a globally leading software provider for the AEC
(Architecture, Engineering, Construction) industry. With its 12 brands, the
Nemetschek Group now serves more than 1.8 million users in 142 countries
from more than 40 locations worldwide. Founded in 1963 by Professor Georg
Nemetschek, the company focuses on innovations such as Open Building
Information Modeling (Open BIM) for the AEC market of tomorrow. Publicly
listed since 1999 and quoted on the TecDAX, the company achieved revenues
of EUR 185.9 million and an EBITDA of EUR 46.3 million in the 2013.
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31.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Nemetschek AG
Konrad-Zuse-Platz 1
81829 München
Germany
Phone: +49 (0)89 92 793-0
Fax: +49 (0)89 927 93-5200
E-mail: investorrelations@nemetschek.com
Internet: www.nemetschek.com
ISIN: DE0006452907
WKN: 645290
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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294324 31.10.2014
DGAP-News: Nemetschek successfully concludes acquisition of Bluebeam Software
| Source: EQS Group AG