# MagiCAD Group acquires majority stake in EQUA Simulation

MagiCAD Group Oy has completed the acquisition of a majority stake in EQUA Simulation AB, developer of the IDA Indoor Climate and Energy simulation software. The deal aims to drive sustainability in building services design.

- Type: Acquisition
- Announced: 2023-02-08
- Where: Sweden
- Status: completed
- Products: building performance simulation software (IDA ICE)
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [MagiCAD Group Oy](https://endata.com/companies/68423.md) (acquirer)
- [EQUA Simulation AB](https://endata.com/companies/68424.md) (target)

## Sources

- [engineering.com](https://www.engineering.com/magicad-acquires-majority-stake-in-equa-simulation/), 2023-02-08: "This is a big step towards completing our vision for sustainable MEP design."

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