ots Ad hoc-Service: Mensch und Maschine <DE0006580806> english
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- Swiss competitor joins the M+M group - Deal doubles M+M’s market volume in Switzerland
- Neuer Markt-listed Mensch und Maschine Software AG (M+M) continues to expand its market position as a leading European supplier of CAD solutions. The Zurich-based M+M subsidiary will be merged with former competitor CAD Distribution AG, Basle/Lausanne, with immediate effect. This deal is expected to double M+M’s market volume in Switzerland (currently DM 12 million) in 2001.
The merger will be effected by way of a share swap between the M+M group and CAD Distribution AG’s founder and sole owner, Peter Bachmann, who will head the merged operations in Switzerland going forward. Mr Bachmann will own approx. 4% of M+M’s shares following the swap.
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Original-Content von: Mensch und Maschine AG, übermittelt durch news aktuell