(CercleFinance.com) – Visiativ announces the acquisition of the German company MB CAD GmbH, a historical and independent distributor and integrator of SOLIDWORKS and 3DEXPERIENCE software, based in southern Germany, in Bavaria.
This acquisition enables the Group to provide its SOFTWARE activities with a first position across the Rhine to conquer the market of German industrial SMEs and ETIs.
MB CAD has about thirty employees spread over the company’s two locations in southern Germany: Bruckmühl, its head office in southern Munich, and Schwaig bei Nürnberg.
MB CAD achieved a turnover of around 8 ME in 2021, accompanied by profitability in line with sector standards.
The acquisition of 100% of the capital of MB CAD, which will be consolidated from June 1, 2022, is financed entirely in cash.