Cadmatic Acquires Italian Engineering Software Company CLA
Summary
MILAN--(BUSINESS WIRE)--The acquisition is a further step in fulfilling Cadmatic’s strong growth strategy, which sees the company more than tripling its size in coming years. In addition to the products and customer base, we also gain access to the extensive material and construction management knowledge they have developed over the years,” says Cadmatic CEO Jukka Rantala. CLA have developed a very strong market position in Italy-based multinational industrial companies, but Cadmatic’s large global network means that the integrated solution can be more successful internationally, we make the perfect team,” says Tagliaretti. According to Rantala, organic growth and a high level of in-house R&D and competence, as well as mergers and acquisitions will assist the company in creating top value for its existing and new customers. Cadmatic is a leading developer of digital and intelligent 3D design and information management software solutions for the power, process, marine, and construction industries.