Addnode Group acquires Excitech, UK leading provider of BIM, design software and services
January 16, 2020 - Addnode Group, including its subsidiary Symetri, Europe’s leading provider of software and services for design and engineering activities, announced today that it has acquired Excitech Ltd (“Excitech”) with net sales of approximately GBP 50 million (last twelve months).Signing and closing took place today on January 16, 2020 and Excitech will be consolidated as part of Addnode Group’s Design Management Division. The agreed purchase price for 100% of the shares amounts to approximately GBP 22 million. This amount comprises of GBP 17 million as a fixed payment in cash,