STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Addnode Group (STO:ANODB) acquires 5D System (5D Systemkonsult AB), a Swedish software provider of property management systems to the public and private sectors. The company had a turnover of SEK 21 million for the split financial year 2014/15 and an operating profit of SEK 4.0 million, an operating margin of 19 percent.
5D System is a reputable software provider of property management systems and facility management services (FM). In recent years, the company has invested in a completely new system, which is marketed under the commercial brand Landlord III, a platform used by several county councils and real estate companies. Among the latest customers are Locum AB and Akademiska Hus AB, which manages a total of approximately five million square meters of real estate.
5D System will become a part of Addnode Group’s business area Design Management, which already today has a strong offering for the construction- and property management industry in areas such as BIM based project management, digital modeling and design archives.
- “We at 5D System are looking forward to get access to Addnode Group’s broad technology platform to further develop our customer offering. We especially see great potential within the BIM- and IoT area and that we together with Addnode Group can expand our geographical reach and presence”, says Mats Broman, CEO of 5D System.
- “The acquisition of 5D System strengthens our position within the areas of property management and facility management. 5D System will together with other companies in the Group be able to grow further and create new joint offers”, says Rolf Kjærnsli, President of Addnode Group Design Management.
Closing took place February 1, 2016 and the company will be a part of the business area Design Management in Addnode Group. The acquisition is paid in cash and is expected to have a marginally positive impact on Addnode Group’s earnings per share.
About Addnode Group
Addnode Group offers operation-critical IT-solutions to selected markets within both private and public sectors. We acquire, build and develop companies that deliver operation-critical IT solutions for specific needs from our customers.
Every day, 500,000 engineers use our systems to develop and maintain products, buildings and installations. 100,000 employees in the public sector use our solutions for municipal and government management. We have 1,150 employees in Sweden, Austria, Denmark, Finland, Germany, India, Norway, Slovakia, the UK and the US and Serbia. Net sales in 2014 amounted to SEK 1,599 M. Addnode Group's Series B share is listed on the Nasdaq Stockholm, Small Cap. For more information, please visit www.addnodegroup.com.
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