Nemetschek: Acquisition of GoCanvas
Yesterday, Nemetschek announced its largest acquisition to date, with US-based GoCanvas, an SaaS leader in the digitalisation of on-site construction activities, for c.EUR0.7bn. The company will be integrated into the group's BUILD segment and should offer numerous synergies and cross-selling opporNemetschek is a holding company. Through its subsidiaries, Co. is a software provider for the architecture, engineering, construction, and management industry. Co.'s business activities comprises of 12 brands, which provide solutions for architects, structural designers, and civil and specialist engineers as well as software for cost and schedule planning, tenders, awarding of contracts, invoicing, and execution of building work. There are also solutions for technical facility management and commercial property management as well as for architecture, film, animation and advertising visualization software. Co. organizes its operations into four segments: Design, Build, Manage and Multimedia.
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