The Corporate Team has advised NASDAQ OMX listed Addnode Group AB on the acquisition of the “Symetri” business of Airbus Defence and Space.
The acquisition is the first instruction for Clarke Willmott from the Swedish IT Group, which employs more than 950 staff and has a turnover in excess of £120m.
Johan Andersson, CFO of Addnode Group AB commented: “The acquisition of Symetri opens up UK as a new market for Addnode Group. Symetri has a strong position in the UK market and we can support Symetri with a broader product portfolio and service offering as well as our experience of global customers”.
Symetri is an Autodesk Gold partner operating in the oil, gas, nuclear, transportation and manufacturing sectors. The business supplies CAD software to more than 750 customer organisations throughout the UK.