Lyon, May 23, 2022 – 6:00 p.m. Visiativ, an expert in digital transformation and innovation for small and medium-sized businesses, is listed on Euronext Growth in Paris (FR0004029478, ALVIV).
Today, Visiativ announces the acquisition of the German company MB CAD GmbH, a historical independent distributor of SOLIDWORKS and 3DEXPERIENCE software, based in the south of Germany, in Bavaria. This acquisition, which consolidates the international development of Visiativ (27% of activity outside France in 2021) already present in Germany via its CONSULTING activity, enables the Group to obtain leading SOFTWARE activities in Germany to penetrate the German SME and ETI market (ETI).
Founded in 1992 by Monika and Peter Blumenstock, MB CAD is a Value Added Reseller (VAR) of SOLIDWORKS software and the 3DEXPERIENCE platform and is the only independent player active in German-speaking countries.
MB CAD employs 30 people at two locations in southern Germany: Bruckmühl, its headquarters south of Munich, and Schwaig bei Nürnberg.
In addition to a full range of top-level advice and training, MB CAD has also built a solid reputation in the German market thanks to its excellent record of customer satisfaction. As such, MB CAD has been rewarded on several occasions by SOLIDWORKS, obtaining the “Highest Customer Satisfaction Europe” ranking on several occasions as well as the “Elite Club 190” prize, for the highest level of maintenance renewal.
Since 1992, MD CAD has supported more than 2,000 companies, both large accounts and numerous German SMEs and ETIs in a whole range of industries (automotive, robotics, industrial equipment, electronics, etc.).
MB CAD generated revenue of approximately €8 million in 2021, accompanied by profitability in line with industry standards.
The acquisition of 100% of the capital of MB CAD, which will be consolidated as of June 1, 2022, was entirely financed by cash.
Laurent Fiard, Chairman and CEO of Visiativ, and Bertrand Sicot, Deputy CEO, commented: “We have both known MB CAD and its founders for some time and, for many years, we have shared the same values and the same vision of our profession at the service of innovation for manufacturers. To solidify the basis for the development of our SOFTWARE activities in Germany. With this acquisition, Visiativ consolidates its penetration of the largest industrial market in Europe, well known for the strength of its SMEs and ETIs, the famous and very efficient Mittelstand.
Peter Blumenstock and Monika Blumenstock, founding partners of MB CAD GmbH, said: “We would like to thank all of our customers and the MB CAD team for the outstanding business relationship and collaboration over the past 30 years. We are happy to hand over to Visiativ to write the next chapter of the future.”
Visiativ’s mission is to make digital transformation a performance lever for companies. We do this by co-constructing with our customers, over the long term. We call this our promise: “Sharing is growing”.
We support our clients by providing solutions and services to plan, implement, manage and monitor transformations with a unique and innovative approach through three pillars: Consult (advice & support), Engage (solutions & deployment) and Connect ( exchange and sharing communities) . With more than 35 years of proven experience with more than 21,000 Small & Mid-Market customers, Visiativ generated revenue of 214 million euros in 2021. Visiativ is present in 11 countries (Belgium, Brazil, Canada, France, Germany, Luxembourg, Morocco, Netherlands, United Kingdom, United States and Switzerland) and has more than 1,100 employees.
Visiativ (ISIN code FR0004029478, ALVIV) is listed on Euronext Growth in Paris. The action is eligible for PEA and PEA-PME.
For more information visit www.visiativ.com
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