# CADMATIC acquires Kymdata and CADS software

CADMATIC has acquired Finnish software company Kymdata Ltd., including all shares and IPRs to Kymdata's CADS software. The acquisition increases CADMATIC's turnover to EUR 28 million and adds 43 employees.

- Type: Acquisition
- Announced: 2019-08-22
- Where: Finland
- Jobs: 43
- Status: completed
- Products: CADS Electric software, HVAC calculation software, structural design software
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CADMATIC](https://endata.com/companies/41543.md) (acquirer)
- [Kymdata](https://endata.com/companies/41544.md) (target)

## Sources

- [maritimeprofessional.com](https://www.maritimeprofessional.com/news/cadmatic-acquires-kymdata-cads-software-349783), 2019-08-22: "The acquisition supports CADMATIC's strategic growth goals and strengthens CADMATIC's position as a global market leader in marine and process design and information management software."
- [eurometalli.com](https://eurometalli.com/cadmatic-ostaa-suomalaisen-ohjelmistoyhtio-kymdatan-ja-cads-ohjelmistot/), 2019-09-05: "Strateginen yritysosto laajentaa CADMATICin tuoteportfoliota ja sisältää koko Kymdatan osakekannan, IPR:t kaikkiin yrityksen CADS-ohjelmistoihin."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.