Graphisoft Deutschland GmbH Acquires Bauplan Division from Wiechers & Partner Datentechnik GmbH
Munich/Budapest - January 26, 1999
Graphisoft Deutschland GmbH has acquired the Bauplan division of Wiechers & Partner GmbH including its staff, Bauplan software and its related business activities. The parties have not disclosed the purchase price, but it is in the low seven-figure range (in EURO) and leaves Graphisoft with ample working capital for further planned acquisitions.
The 9 person Bauplan development staff will remain located in Monheim, Germany, where Graphisoft will establish a branch office. Wiechers & Partner will concentrate its activities on construction, administration and manufacturing automation.
Harald Wiechers, Managing Director of Wiechers & Partner announced, "We selected Graphisoft from among several candidates because of Graphisoft`s leading position in the architectural CAD industry as well as its company culture and product spectrum. We are very pleased to have found a company such as Graphisoft with its focus on architecture and its global presence."
With its acquisition, Graphisoft expands its German client base by more than 700 architectural offices. By absorbing Bauplan's ongoing business, development contracts and distribution channel, Graphisoft anticipates increasing the company's sales potential in Germany alone by at least 1 Million EURO per year. Graphisoft currently generates approximately 20% of its worldwide revenues from Germany.
Graphisoft also plans to integrate Bauplan technology into future versions of ARCHICAD to strengthen ARCHICAD's adherence to German CAD standards, broaden its market and extend its market leading position in Germany.
"We are among the most dynamic AEC companies in Germany with one of the largest developer teams in the AEC industry," added Johannes Reischböck, Managing Director of Graphisoft Germany and Vice President of Graphisoft N.V. "With the acquisition of Bauplan and its integration into ARCHICAD, we enrich our concept of the "Virtual Building" with specific features for the German building industry."
Graphisoft N.V. will release its key financial figures for 1998 on February 3rd after closing of the Frankfurt Neuer Markt Stock Exchange.
More about Wiechers & Partner:
For the past 15 years, Wiechers & Partner has been a synonym for quality in the design, administration and construction of intelligent and innovative automation systems. Wiechers & Partner supplies system solutions in the areas of electrical design, architecture, mechanical engineering and engineering data management. Founded in 1984, Wiechers & Partner has continually strived for the application of international standards in the area of electrical controls design. Wiechers & Partner's core product is EPLAN, the very first electrical CAE system in the world. Today, over 16,000 installations, 30 sales and support centers worldwide and top-quality references all document the international success of the most renowned electrical CAE solution.
More about Bauplan:
BAUPLAN is a complete architectural CAD-System that meets the specific requirements of the German building industry. First developed on UNIX in 1985, Bauplan is currently a world class product for Unix workstations.
More about Graphisoft:
Graphisoft is a leading provider of computer-aided design (CAD) software solutions for the architectural profession and the building industry. Founded in 1982, Graphisoft is ranked today among the largest AEC CAD software developers in the world, with 12 offices all over the world in addition to its headquarters. Graphisoft's flagship product, ARCHICAD, is used by more than 75,000 architects worldwide and distributed in 25 languages and 80 countries. Shares of Graphisoft are traded on the Frankfurt Stock Exchange Neuer Markt under the symbol GPH. More information about Graphisoft is available at www.graphisoft.com.