Software provider Nemetschek Group and its California-based subsidiary RISA, a market leader in steel structural analysis and design, have acquired concrete structural design specialist ADAPT. The Nemetschek Group has now become the largest provider for all-material building design in this market in the US.
ADAPT’s structural analysis software helps customers design concrete buildings more efficiently, minimise errors and improve quality and accuracy.
Viktor Várkonyi, Nemetschek Group
Viktor Várkonyi, chief division officer, planning & design division and member of the executive board of the Nemetschek Group, said: “This acquisition is an important milestone, not only for RISA and ADAPT, but also for the building design industry. Combining the market leader for steel and concrete structural design will change the market and create a strong analysis solution that will increase our market positioning in the US.”
Dr Florian Aalami, president and CEO of ADAPT, said: “For us this is an excellent match in terms of strategy and structure. There is a strong brand recognition and customer loyalty for both RISA and ADAPT.”
Amber Freund, CEO of RISA, added: “We are now able to offer a comprehensive concrete and steel design solution, including post-tensioning. The completion of this acquisition makes the Nemetschek Group the leading provider of all-material structural analysis and design solutions in the US.”
The acquisition came as the Nemetschek Group posted a solid first quarter for 2020, with group sales rising 12.8% to €146.6m compared to the previous year’s €129.9m.
Sales of software service contracts and subscriptions rose by 27.1% to €86.1m compared to the same quarter the previous year.
“We are satisfied with the first quarter since we’ve been able to create a basis that is solid and robust for the difficult months ahead,” said Dr Axel Kaufmann, spokesman of the executive board and CFOO of the Nemetschek Group
The executive board said it is assuming the market environment and demand will worsen significantly in the second quarter, before business developments successively improve again in the third and fourth quarters.
For the year 2020 as a whole, the executive board anticipates at least a stable development or a slight increase in group revenue with an EBITDA margin of more than 26% of group revenue – but only “if conditions do not significantly worsen especially as a result of the consequences of the Covid-19 pandemic”.
Main image: Nemetschek Group’s Munich headquarters