DDA & Company advises Graitec on the bolt-on acquisition of ProCAD (Canada)
Paris, April 10th 2018,
DDA & Company supports Graitec once again in its international development. Graitec is an international leader in the BIM (Buiding Information Modelling), Fabrication and Design software development and distribution, dedicated to the AEC (Architecture, Engineering & Construction) industry.
Operating through 35 offices across 11 countries worldwide, and backet by private equity fund Isatis Capital since 2015, Graitec consolidates its position in Canada, through the bolt-on acquisition of ProCAD, based in Montreal and Quebec City.
After TotalCAD (United States), HPC (France), Robobat (Poland), MicroCAD (United Kingdom), Integer (United Kingdom), Civil Design (Canada), ProCAD acquisition is the 7th external growth operation advised by DDA for Graitec.
The acquisition of ProCAD reinforces the position of Graitec in Canada where the company is already operating as (1) Autodesk Gold Partner; (2) developer and reseller of 2 world standard structural analysis & design software (Advance Design, Advance BIM Designers, Advance Workshop and MIS Solution); and (3) as service provider and Research & Development partner for engineering offices and manufacturers.
ProCAD brings with them a team of BIM experts as well as over 30 years of presence and customer commitment on the Canadian market. Now with the full support of a major international group, ProCAD will gain an extended capacity to deliver a new range of professional services around BIM. This in turn will deliver more value to customers. ProCAD and Graitec Canada will merge in the coming weeks and both teams will join their strength to better serve customers and develop the business of Graitec in Canada.
Francis Guillemard, Graitec President adds: “Graitec has a long-standing history as an Autodesk partner and is currently one of the fastest growing international Autodesk VAR. Our expansion in Canada is testament to our continued growth strategy and reaction to the growing demand for our BIM technology and services in America. This acquisition is very exciting and reflects our strong motivation to become a major player in Canada and strengthens our global BIM technology and service offering.”
The DDA & Company team, composed by Alexandre Odin, Partner, and Clément Darcourt, Analyst, advised Graitec in this operation.
About DDA & Company: Founded in 1995, DDA & Company, LLC is an independent corporate finance firm, based in the United States and well-established in Europe. The firm advises both French and international counterparties in capitalistic operations (acquisitions, disposals, fundraising, evaluation). DDA & Company capabilities include the whole spectrum of financial engineering and strategic advisory.
DDA & Company, key figures:
- More than 100 transactions advised in 10 years;
- Specialized on small cap transactions ranging from €10m to €80m valuations;
- Strong expertise on cross-borders operations (more than 70% of the deals advised);
- Track-record in more than 8 industries, covering more than 30 activities;
- Founding member of the Alliance of International Corporate Advisors, a network of 50 advisors providing services in 40 countries on 5 continents.
About Graitec: Founded in 1986, Graitec is an international leading group helping construction and manufacturing professionals achieving successfully their digital transformation by providing BIM and Industry 4.0 software and consultancy. Graitec is a developer of high performance BIM applications as well as an Autodesk Platinum Partner in Europe and Gold Autodesk Partner in North America and Russia.
Operating through 35 offices across 11 countries worldwide, Graitec offers its clients an extensive range of established software solutions combined with the full portfolio of Autodesk products which help address the most demanding project needs and maximizing productivity, efficiency and performance. Graitec is an innovation focused company whose products are used by more than 60,000 construction professionals worldwide.