DGAP-News: Nemetschek SE acquires Design Data, a leading US provider of BIM 3D modeling software for steel structures


DGAP-News: Nemetschek SE / Key word(s): Takeover
Nemetschek SE acquires Design Data, a leading US provider of BIM 3D modeling
software for steel structures

28.07.2016 / 09:03
The issuer is solely responsible for the content of this announcement.

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Corporate News

Nemetschek acquires Design Data, a leading US provider of BIM 3D modeling
software for steel structures

  - Design Data's SDS/2 software solution is the premium product for steel
    detailing

  - High-level strategic fit and significant extension of the AEC portfolio
    in the structural workflow

  - Considerable increase in competence as a multi-material provider in the
    BIM market

Munich, July 28, 2016 - Software provider Nemetschek SE (ISIN DE0006452907)
has agreed today to acquire 100% of the shares of Design Data Corporation,
headquartered in Lincoln, Nebraska, USA.

Design Data is a leading provider of Building Information Modeling (BIM)
software solutions for the structural steel detailing industry. The BIM
software suite from Design Data provides sophisticated and complete
solutions covering the entire steel delivery workflow, from structural
calculations and detailing to fabrication and erection. Design Data's
flagship product, SDS/2 Detailing, offers the highest level of automation
and intelligence available in any 3D steel detailing package.

The customer base includes engineering design companies, steel fabricators,
general contractors and detailers. With around 4,000 users, Design Data
maintains a market share of around 45% in North America. As a strong
supporter of open standards, Design Data fits perfectly into the Nemetschek
philosophy by enabling collaboration of different software solutions across
the building process (Open BIM). At the same time, the Group's US image as
an Open BIM provider will be positively expanded.

Design Data was founded in 1981 and has 65 employees. Sales are made via
direct sales and a network of partners. For the last 12 months, Design Data
anticipates revenue amounting to around US $10 million. In keeping with the
strategic alignment of the Nemetschek Group, Design Data will continue to
be led by its current management as an independent brand company in the
future.

With the acquisition, the Nemetschek Group fills a last gap in its AEC
portfolio and expands its expertise in engineering detailing software for
steel. Nemetschek is now able to cover the complete structural workflow
from analysis and design (via the brand Scia), through detailing and
fabrication (Design Data) all the way to reviews and markup (Bluebeam). At
the same time, the steel structure solution expands on Nemetschek's current
expertise in concrete construction. As a solution provider for steel and
concrete, Nemetschek rounds off its competence as a multi-material
provider, and can make even better use of its growth potential in the
growing BIM market.

The Nemetschek Group simultaneously reinforces its international market
presence especially in North America, the key market for Design Data with
around 80% of their revenues. Design Data, in turn, will profit from
Nemetschek's strong presence in Europe, where Nemetschek already has
established a leading market position with its engineering solutions for
concrete construction. This market coverage in Europe is an ideal basis for
future growth of Design Data in that region. "Design Data fits perfectly
into the strategy of the Nemetschek Group. The acquisition accelerates our
internationalization, especially in the USA, and reinforces our market
position as an Open BIM provider in the building process," says Patrik
Heider, Spokesman and CFOO of the Nemetschek Group.

"For our company, the acquisition means accelerated growth into
international markets," said Damon Scaggs, president of Design Data. "For
our customers, it allows them to continue to use the leading software in
the structural steel detailing industry, while now benefitting from
increased integration with Nemetschek's software solutions throughout the
BIM process. SDS/2 seamlessly plugs into Nemetschek's architectural and
design offerings, while providing their customers access to Design Data's
longstanding manufacturing expertise."

The purchase price for 100% of the shares amounts to about US $46.4 million
(cash-/debt-free). This is supplemented by an earn-out component, which is
linked to the increase in revenue and to profitability in the financial
year of 2018. According to today's perspective, an earn-out payment
amounting to US $2.5 million is forecast. The financing of the purchase
price is provided by taking out of a loan in the amount of US $42 million
and also by using the company's own capital resources. The acquisition is
expected to be closed by the beginning of August 2016.


For further information on the company, please contact:

Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229
szimmermann@nemetschek.com

About the Nemetschek Group
The Nemetschek Group, Munich, is a globally leading software provider for
the AEC (Architecture, Engineering, Construction) industry. With its 12
brands, the Nemetschek Group now serves around 2.1 million users in 142
countries from more than 50 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
revenue in the amount of EUR 285.3 million and an EBITDA of EUR 69.5
million in 2015.


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28.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:    English                                                    
   Company:     Nemetschek SE                                              
                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:      Regulated Market in Frankfurt (Prime Standard); Regulated  
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,  
                Stuttgart, Tradegate Exchange                              
 
 
   End of News    DGAP News Service  
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486951 28.07.2016