Press release December 13, 2018
- Stable capital structure for the next phase of succession process
- Founder and management to remain with the company as shareholders
Oberschleißheim/Nuremberg - CAD/CAM specialists Mensch und Maschine Software SE (MuM - ISIN DE0006580806) have announced they will increase their long-term, strategic holdings in SOFiSTiK AG from a 13.3 percent stake to 51 percent, in turn considerably strengthening MuM’s software portfolio in the BIM (Building Information Modeling) segment. The founders and management of SOFiSTiK will retain a 49 percent shareholding stake. The vision and philosophy of SOFiSTiK, however, will remain unchanged: the company’s mission is to remain an attractive employer and to continue developing innovative, high-quality products that allow SOFiSTiK’s customers to complete challenging projects with high efficiency.
This integration into MuM’s holdings will not affect SOFiSTiK’s long-term succession plans. The company’s two founders, Prof. Dr. Casimir Katz and Thomas Fink, expect the new shareholder composition to provide long-term stability. They also see MuM as the ideal majority shareholder. The founders will leave the board of management in just under a year from now, but will remain active within the company as shareholders and members of the supervisory board.
After the founders leave SOFiSTiK AG’s board of management, it will consist of current board members Frank Deinzer (Sales, Marketing, and Chairman) and Stefan Maly (Products).
M+M CEO Adi Drotleff is pleased to welcome the new, but long known group member: ‚As a strategic minority shareholder, we accompanied SOFiSTiK AG since our first entry in 1999 and have always been impressed by the high technological quality of the structural analysis and reinforcement software. We also appreciated how SOFiSTiK recognized very early the chances and opportunities that come with BIM. They share with M+M more than one decade of experience in this new design method, which can drive productivity in building design and construction to an unprecedented level.’
SOFiSTiK CEO Thomas Fink believes that entry to the M+M group while keeping a strong shareholding by founders, combines a best of two worlds: ‚Our membership to the M+M group as one of the leading CAD/CAM providers will further improve our market standing and enable synergies in the BIM field to be exploited. Nevertheless SOFiSTiK will stay a family enterprise at the core, quite similar to the M+M group, being both a public and private company.’
Mensch und Maschine Software SE (M+M) is a leading supplier of Computer Aided Design and Manufacturing (CAD/CAM), Product Data Management (PDM) and Building Information Modelling/Management (BIM) software with locations in Germany, Austria, Switzerland, France, Italy, UK, Poland, Romania, Iberia, USA, Brazil, Japan, China, India and APAC. M+M’s diversified product range includes solutions for many industries (e.g. mechanical and electrical engineering, architecture, infrastructure). The company was founded in 1984 and is headquartered in Wessling near Munich. In 2017, EUR 161 mln sales were achieved with 784 employees. The M+M share is listed in Frankfurt (scale30) and Munich (m:access).
For more information see www.mum.de