Mensch und Maschine AG

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    Wessling (ots Ad hoc-Service) -      

    - 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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