CIMdata PLM Industry Summary Online Archive
27 December 2007
Acquisitions
CENIT Acquires PLM Competitor cad scheffler
CENIT AG acquired its PLM competitor of many years and very successful Dassault Systèmes partner, cad scheffler. Approximately 20 PLM experts with many years of expertise and experience in the PLM area will reinforce CENIT from January 2008. Cad scheffler GmbH, headquartered closed to Chemnitz, is a specialist provider of PLM system solutions on the Dassault Systèmes PLM product CATIA. Since 1990, the service and consultancy company has marketed Dassault solutions and has been a business partner of IBM Deutschland since 1997.
With the integration of cad scheffler, with its experienced employees and client base, particularly among medium-sized companies, CENIT noted the integration strengthens their joint top position in the PLM consultancy and software market on both a national and international basis. With approximately 20 employees, Cad scheffler generates about € 2 million sales with an EBIT margin of 15%. The company has no debt and has equity of € 1.5 million. The purchase price, which also includes the company headquarters is roughly € 2.5 million. After an extensive due diligence, the purchase agreement was signed today.
"In addition to the corporate strategic target of extending our top position in the German-speaking PLM market, the expansion of our technical competency for German and international customers is decisive," stated CENIT Executive Board member, Kurt Bengel. And he added, "As a result of the fusion, we create more cost-effective structures for the operating business, an improvement of PLM product distribution and strengthen our partner status, also in respect of the value-added reseller model for Dassault Systèmes products from 2008."
CENIT CFO Christian Pusch reinforced this view, "With the integration of cad scheffler, we are closing a large gap in the area of specialist employees. With the bundled competence, greater expertise, more efficiency and quality, we are gaining interesting new customers for CENIT. With the common use of resources and expert knowledge combined with high employee motivation, we can achieve huge growth in our classical markets."
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