Cadmatic acquires Kymdata and CADS software

3D design and engineering software developer Cadmatic has acquired fellow Finnish software company Kymdata.

The acquisition includes all the IPRs to Kymdata’s CAD software and business agreements, expanding Cadmatic’s portfolio.

Cadmatic said that Kymdata’s CADS would be an “excellent complement” portfolio of structural and mechanical design and information management for ships and process plants in the global market.

“Kymdata is a well-run, profitable and growing company. I am very pleased that we have acquired the company and its products,” said Jukka Rantala, ceo of Cadmatic.

“It expands our product portfolio and position in our core business area, while providing us with excellent opportunities for future growth. The strong position of CADS products in their business areas demonstrates the competitiveness of the products.”

The acquisition will see 43 employees from Kymdata joining Cadmatic to take its work force to over 200, and increase its turnover to an estimated EUR28m.

Posted 2 September 2019

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Seatrade ShipTech Middle East 2019

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Marcus Hand

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Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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