Graitec, an international BIM, Fabrication, and Design software developer for AEC, and Autodesk® Platinum Partner across Europe and Gold across Canada, USA and Russia, is delighted to announce the acquisition of StrucSoft Solutions. This transaction enables the Group to consolidate its product portfolio in the design and manufacturing fields.
Operating in nearly 50 offices across 13 countries, and backed by Apax Partners since early 2020, Graitec pursues its targeted acquisitions strategy by strengthening its intellectual property assets and geographic footprint in North America.
The acquisiton of StrucSoft is the 20th transaction advised by DDA & Company on behalf of Graitec.
StrucSoft Solutions is a Canadian-based software developer, dedicated to the prefab manufacturing and offsite construction sectors within the AEC industry. Headquartered in Montreal (Quebec), StrucSoft opened an office in Liverpool (United Kingdom) in 2017 to provide support to North American and European clients. The company develops a suite of light gauge steel and wood framing software to model, coordinate, engineer, and manufacture directly within the Autodesk Revit® environment.
From a technological point of view, Graitec and StrucSoft share the same strong DNA. StrucSoft Solutions’ MWF (or Metal Wood Framer) software completes the functional coverage of Graitec’s “Create” and “Fabricate” offering by adding light gauge steel and wood to existing rebar, prefabricated concrete and structural steel. The acquisition of StrucSoft Solutions significantly reinforces Graitec’s “Create – Simulate – Fabricate – Manage” strategy and its willingness to provide end to end solutions for the construction industry.
Manuel Liedot, Graitec CEO comments: “I am delighted to welcome StrucSoft, its customers and its talented team to the Graitec Group. StrucSoft’s native integration with Revit is very complementarity with the Graitec and Autodesk’s BIM ecosystem. StrucSoft significantly strengthens our ambition of breaking silos between engineering firms, detailers, manufacturers, and construction sites. The acquisition of StrucSoft also demonstrates our continued commitment to the North American market.”
George Ajami, President of StrucSoft Solutions concludes: “We are extremely enthusiastic about joining the Graitec team. Their customer first mentality and their dedication to the development of technology within the prefabrication and manufacturing segments closely aligns with StrucSoft’s mission. This next step in the evolution of our company and products will enable our combined teams to better service our customers and push the boundaries of what our software can achieve in the manufacturing and AEC sectors.”
DDA & Company advised Graitec in this transaction with a team consisting of Alexandre Odin and Clément Darcourt.
Graitec
Founded in 1986, Graitec is an international group helping construction and manufacturing professionals to successfully achieve their digital transformation by providing BIM and Industry 4.0 software and consultancy.
Graitec is a developer of high-performance BIM applications as well as an Autodesk® Platinum Partner in Europe and Gold Autodesk Partner in North America and Russia.
With more than 550 employees including 200 BIM consultants, Graitec is an innovation focused company whose products are used by more than 100,000 construction professionals worldwide.
StrucSoft
Established in 1994, StrucSoft Solutions develops software and provides services to the manufacturing and AEC industries.
Headquartered in Montreal, Canada with an office in Liverpool, England, StrucSoft leverages BIM technology to digitize and automate the creation and flow of manufacturing data from the design model to the shop floor.
StrucSoft Solutions’ flagship product, MWF is built upon the Autodesk Revit® platform, automating the creation of both light gauge steel and wood panels, completing the link from design to manufacturing.
Stakeholders in this Transaction
Acquirers
- Graitec: Managers (Francis Guillemard, Manuel Liedot, Isabelle Bouyenval)
- Financial partners: Apax Partners (Gilles Rigal, Thomas de Villeneuve)
- M&A advisors: DDA & Company (Alexandre Odin, Clément Darcourt)
- Legal: Morency (Diane Bellavance, Mélanie Thuot)
- Financial Due Diligence: PwC (Julien Sauvard, Alastair Irvine, David Cyr, Sébastien Vandevelde)
Sellers
- StrucSoft Solutions: Managers (George Ajami, Aamir Masood, Nectarios Plaitis, Byron Starnes)
- Legal: Strategic Legal (Laila Sahyoun)
- Public Accountant: Sylvain Castonguay (Bourassa Boyer)