Joining European Forces on the AEC software market
Nemetschek AG was granted a call option by Graphisoft’s major shareholders
Budapest, 2006 December 21st - Major shareholders of Graphisoft SE, holding the majority of the issued shares of Graphisoft SE, and Gerhard Weiss, CEO of Nemetschek AG signed today a call option enabling Nemetschek AG to acquire the majority of Graphisoft SE on an acquisition price of €9/share.
Following the expected exercise of the call option, Nemetschek AG will have majority control of Graphisoft SE and, in line with the effective regulations of the Budapest Stock Exchange, it will make a public tender offer for all shares of Graphisoft SE at €9/share.
“This is a very important strategic financial acquisition and we believe this will substantially increase our shareholder value”, said Mr. Gerhard Weiss, CEO of Nemetschek AG. “It is our intention that Graphisoft will retain its own identity and continue its strong corporate culture and distributor network which is driving its success.”
“There is a consolidation in the software industry and joining the forces of the two leading European AEC (Architecture, Engineering & Construction) software vendors will solidify our global position in the worldwide market. We believe, that this move will serve the interests of our shareholders, customers, partners and employees as well.” said Gabor Bojar, Founder and Chairman of the Board of Directors at Graphisoft SE.
The Nemetschek group is the world’s leading IT company for the design, construction and management of buildings and real estate. Its software solutions, available in 16 languages, are used by more than 170,000 companies in 142 countries. IT solutions from Nemetschek optimize the overall building creation and management process in terms of quality, cost and time.