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IT consulting firm Addnode's subsidiary Symetri, part of the Design Management division, has announced an agreement to acquire SolidCAD in Canada. The initial purchase price amounts to SEK 850 million.
SolidCAD is described as a market leader in Canada in digital solutions for the design, construction, and manufacturing industries, and is a Platinum Partner of Autodesk.
The acquisition marks an expansion of Symetri's operations in North and Latin America, as Canada will be added to the company's existing presence in the United States and Brazil.
Parties
Company
Addnode Group
Company
Symetri
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
$ 125,151,025Deal Status
ActiveClosing Date