DGAP-News: Mensch und Maschine Software SE with takeover as of Jan 1, 2019:
13.12.2018 (www.4investors.de) -
DGAP-News: Mensch und Maschine Software SE / Key word(s): Investment
Mensch und Maschine Software SE with takeover as of Jan 1, 2019:
13.12.2018 / 08:56
The issuer is solely responsible for the content of this announcement.
M+M strengthening BIM software portfolio
- Strategic shareholding in SOFiSTiK will be increased
- Share swap / Founders & Management staying aboard
Wessling, December 13, 2018 - Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist company, will increase its long standing strategic shareholding in SOFiSTiK AG, Oberschleissheim near Munich and Nuremberg from 13.3% to 51% as of Jan 1, 2019, significantly strengthening M+M's BIM software offerings. SOFiSTiK will enter the M+M Group via a share swap, with founders and management staying on board by keeping 49% shareholding.
SOFiSTiK is a leading technology provider of structural analysis and reinforcement software for bridge, tunnel and construction design with impressing references around the world, e.g. BMW-Welt in Munich, the new Bosporus bridge and the Brasilia National Stadium, naming just three out of thousands of construction projects realized and calculated with SOFiSTiK software over more than 30 years.
M+M's Software segment with solutions for CAM, Gardening/Landscaping and Earthworks, as well as Electrical Engineering is ideally supplemented by SOFiSTiK in the BIM marketplace. Beginning 2019, all group earnings ratios will be positively impacted - this is even expected for earnings per share, in spite of 3% higher number of shares due to the share swap and after PPA amortization. M+M plans to publish detailed guidance concerning the SOFiSTiK impact on future group numbers in the course of the annual financial report press conference on March 11, 2019.
M+M CEO Adi Drotleff is pleased to welcome the new, but long known group member: ,As a strategic minority shareholder, we accompanied SOFiSTiK AG since our first entry in 1999 and have always been impressed by the high technological quality of the structural analysis and reinforcement software. We also appreciated how SOFiSTiK recognized very early the chances and opportunities that come with BIM. They share with M+M more than one decade of experience in this new design method, which can drive productivity in building design and construction to an unprecedented level.'
SOFiSTiK CEO Thomas Fink believes that entry to the M+M group while keeping a strong shareholding by founders, combines a best of two worlds: ,Our membership to the M+M group as one of the leading CAD/CAM providers will further improve our market standing and enable synergies in the BIM field to be exploited. Nevertheless SOFiSTiK will stay a family enterprise at the core, quite similar to the M+M group, being both a public and private company.'
SOFiSTiK AG is a leading provider of structural analysis and reinforcement software for construction projects worldwide. Finite Element and adjacent design software cover the challenges in structural analysis, reinforcement, 3D design and BIM. The company has more than 70 employees located in Oberschleissheim near Munich and Nuremberg as well as in some international locations.
SOFiSTiK was founded in 1987 as a union of several engineering offices around Prof. Dr. Casimir Katz (Structural Analysis, Finite Elements) and Dipl.-Ing. Thomas Fink (Reinforcement, Construction, BIM). In 1999, the company was converted to AG, with M+M joining as a strategic financial investor.
For more information see www.sofistik.com
Mensch und Maschine Software SE (M+M) is a leading supplier of Computer Aided Design and Manufacturing (CAD/CAM), Product Data Management (PDM) and Building Information Modelling/Management (BIM) software with locations in Germany, Austria, Switzerland, France, Italy, UK, Poland, Romania, Iberia, USA, Brazil, Japan, China, India and APAC.
M+M's diversified product range includes solutions for many industries (e.g. mechanical and electrical engineering, architecture, infrastructure).
The company was founded in 1984 and is headquartered in Wessling near Munich. In 2017, EUR 161 mln sales were achieved with 784 employees. The M+M share is listed in Frankfurt (scale30) and Munich (m:access).
For more information see www.mum.de
13.12.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Mensch und Maschine Software SE
Argelsrieder Feld 5
+49 (0)815 3933-0
+49 (0)815 3933-100
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
End of News
DGAP News Service