LEA Partners has agreed to sell PROCAD to Revalize
Summary
LEA Partners has agreed to sell PROCAD to Revalize in a strategic software transaction. PROCAD builds PLM and PDM software for discrete manufacturing customers and has grown significantly during LEA’s ownership. LEA says it supported PROCAD’s expansion, cloud product development, and earlier mergers with keytech and ACATEC. The deal still needs competition approval and is expected to close later in the year.
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PROCAD GmbH & Co. KG
$10M to $25M