Zutec Acquires Createmaster for SEK 50.2 million – a Leading U.K. Cloud and Services Platform for Main Contractors and Developers
Dublin, Ireland, 19 April 2021 - Zutec Holding AB (publ) (“Zutec”) has today acquired all outstanding shares in Createmaster Limited (“Createmaster”) from Brian Dodsworth & Jane Ann Dodsworth (the “Transaction”). Createmaster, based in London, UK and founded in 2002, is a leading construction platform for main contractors and developers. On a preliminary basis, Createmaster had net sales of GBP 3.7 (SEK 43.0) million and EBITDA of GBP 0.3 (SEK 4.5) million during the twelve months period ending 31 December 2020. Createmaster has demonstrated impressive annual growth over the past 10 years