BIMobject acquires Polantis and strengthens its market-leading position
BIMobject has entered into an agreement to acquire one of the largest European BIM solutions companies, Polantis. The closing is estimated today, and the acquisition is expected to have a small positive effect on net revenues.
The acquisition of Polantis is an important strategic step as it further establishes BIMobject as the global market leader. Polantis is a well-known and strong brand in France foremost but also across the world. Polantis has 420,000 registered users, 14,700 objects and 150 manufacturers on the platform. Polantis management forecast €700,000 in sales 2019. Combined, the companies will have close to 1.5 M registered users, 74,000 objects and 1,550 brands.
”We are very excited to announce the acquisition of Polantis, who has a very strong market position on the important French market, while also accommodating a large international group of users. Polantis fulfils all our prerequisites for an acquisition-driven expansion; Polantis is a market leader in an attractive geographical market which will increase our market share and provide scale advantages to our platform – we look forward to welcoming the team into the BIMobject family. This acquisition is a very important step for the future of our group.”, says Johan Svanström, acting CEO of BIMobject.
”We are very pleased to become a part of BIMobject. BIMobject’s commitment to being number one in the market and providing users globally with the best BIM content from leading manufacturers resonates well with our goals. We can see that BIMobject’s technical depth and resources, as well as its international reach, will benefit our employees, clients and users.”, says Itaï Cellier, Founder and President of Polantis.
BIMobject and Polantis will continue under respective brands in the French market. Substantial synergies are expected operationally, in more scaled technical development and better solutions for both manufacturers and the AEC community.
The transaction will have a small positive effect on net revenues as from closing and is expected to in the long term generate significant cost and sales synergies.
For more information, please contact:
Carl Silbersky – SVP Corporate Development and M&A
Johan Svanström – Acting CEO
Tel: +46 40 685 29 00
This information is information that BIMobject AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact persons above for publication on 29 March 2019 at 19:00 CET.
Polantis SAS is a French IT-company founded by architects in 2008 with the dedication to access the creation of 3D and BIM content for AEC manufacturers while improving the user interface for architects and other prescribers using BIM technology. Polantis have close to 150 AEC manufacturers as clients and approximately 420.000 registered users such as architects and other prescribers. Polantis provides manufacturers with a simple, complete and efficient means to communicate with current prescribers and to build client loyalty. The company is headquartered in Paris, France.
About BIMobject AB
BIMobject is a leading global IT company at the forefront of digitalisation of the construction industry. BIMobject offers a cloud-based platform, with over 1,300 manufacturers providing digital product information. Around the cloud-based platform, which currently has over 1 million users, BIMobject offers a number of solutions aimed at property owners, construction companies and the trade sector. BIMobject, founded in 2011, operates in 20 countries and has over 200 employees. Revenue for 2018 amounted to SEK 114 million. BIMobject's shares are traded on Nasdaq First North under the ticker: BIM. Certified Advisor: FNCA Sweden AB, email@example.com, +46-8-528 00 399. www.bimobject.com