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ots Ad hoc-Service: Nemetschek AG
World premiere: Neuer Markt company acquires NASDAQ company
The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- MÜNCHEN/COLUMBIA MARYLAND (ots Ad hoc-Service) - World premiere: Neuer Markt company acquires NASDAQ company Nemetschek AG acquires international US software vendor Nemetschek enters USA, South American and Japanese markets / assumes market leadership on the Apple platform and strengthens position in the Windows market Nemetschek AG, one of the world's leading vendors of information technology and consulting services for building design, construction and management, and third largest vendor of standard software in Germany, has announced the acquisition (100 %) of Diehl Graph soft, Inc., Maryland, USA. This is the first time that a company listed on the Neuer Markt has acquired a NASDAQ-listed company. With sales of DM 16 million in fiscal 1998/99, Diehl Graphsoft generated a profit of DM 3 million before tax and has liquid assets of DM 19 million. The worldwide presence, going with the Apple platform and the cross-selling opportunities will further boost Nemetschek AG's sales and revenue growth. Diehl Graphsoft is one of the world's leading vendors of CAD and presentation systems. With more than 85,000 customers, Diehl Graphsoft products are used in more than 85 countries. With this acquisition, Nemetschek AG is entering the largest single market, the USA, as well as South America and Japan. VectorWorks, Diehl Graphsoft's flagship product, is the world's most widely used CAD system for Apple computers. With this acquisition, Nemetschek AG will build on its dominant position in the PC market and be one of the market leader for the second significant computer platform. Whereas Nemetschek software caters to the high end of the market, VectorWorks, which is also available for Windows systems, will strengthen Nemetschek's competitive position in the midrange segment. With a presence in all of the world's key markets, the Nemetschek Group is now in a position to market all of its products at a global level. Diehl Graphsoft is being acquired as part of a merger agreement signed by the Board of Directors and the majority shareholder on February 18, 2000. The agreement of the shareholders is considered to be secured. Richard Diehl, founder and CEO, will continue in his present role. He will join Nemetschek AG's managing board and assume responsibility for the Americas and Asia. Nemetschek will announce further details at the press briefing on annual results called for March 10, 2000. Munich, February 21, 2000 For more information, contact: Dr. Perry Reisewitz Engel & Zimmermann AG, Agentur für Wirtschaftskommunikation Am Schlosspark 15, D-82131 Gauting, Germany Tel. +49 (0)89/89 35 63-3, Fax +49 (0)89/89 39 84 29 email: firstname.lastname@example.org www.engel-zimmermann.de End ----------------------------------------------------- Internet: http://www.newsaktuell.de Original-Content von: Nemetschek AG, übermittelt durch news aktuell