Nemetschek successfully concludes acquisition of Bluebeam Software

  • Acquisition of 100 percent of shares
  • Consolidation as of November 1, 2014
  • Growth is accelerated as a result of Bluebeam
  • Increase in 2014 forecast revenues to EUR 211 to 216 million (formerly EUR 207 to 212 million)

Munich, October 31, 2014 – Nemetschek AG (ISIN 0006452907) has successfully concluded the acquisition of Bluebeam Software, Inc., headquartered in Pasadena/California, USA. In total 100 percent of Bluebeam shares have been transferred to Nemetschek.

Bluebeam is a leading provider of PDF-based workflow solutions for digital work processes and collaboration in the AEC industry. The innovative and strongly growing company, with more than 650,000 users worldwide, already counts more than 74% of the top 50 US companies in the con-struction industry as its customers.

Bluebeam optimally suits our solution portfolio and our commitment to open standards. All solutions of the Nemetschek Group can be integrated into the Bluebeam workflow by means of simple PDF conversion. The platform technology “Bluebeam Revu” enables digital and paperless workflows and significantly improves collaboration between all those involved in the building project, which ulti-mately leads to an increase in efficiency in the building process. At the same time, the acquisition allows us to reinforce our international market presence in North America. Bluebeam, in turn, will profit from the strong position of the Nemetschek Group in Europe and Asia.

In the 2013 financial year, Bluebeam achieved a year over year revenue growth rate of 48%, amounting to approx. USD 22.4 million. In the first half of 2014, Bluebeam was able to grow further and generate revenues of USD 16.5 million and an operating result (EBIT) of USD 3.2 million. The purchase price for the acquisition amounted to about USD 100 million (cash-/debt-free) and was settled using the high cash position of the Nemetschek Group and the taking out of a loan.

Growth accelerated, 2014 revenue forecast increased

In the course of the acquisition and consolidation as of November 1, 2014, the Nemetschek Group adjusts its forecast for the current financial year 2014 upwards. Revenues in the range of EUR 211 to 216 million are anticipated (formerly: EUR 207 to 212 million). The forecast for the EBITDA mar-gin remains unchanged between 23% and 25%.