Cadmatic announced the acquisition of Kymdata.

Cadmatic, a Turku, Finland-based software developer, announced that it has acquired Finnish software company Kymdata Ltd.

The strategic acquisition, which has the financial specifics undisclosed, expands Cadmatic's product portfolio and includes the entire share capital as well as IPRs to all Kymdata’s CADS software and its business agreements.

The acquisition increases Cadmatic’s estimated turnover to EUR 28 million. With the addition of Kymdata’s 43 employees, Cadmatic will employ over 200 persons.

Kymdata's CADS Electric software is the market leader in electrical and automation design in Finland and Estonia. The CADS product family also includes software modules e.g. for HVAC calculation and modeling as well as structural design. CADS products are an excellent complement to Cadmtic's product portfolio of structural and mechanical design and information management for ships and process plants in the global market.

Cadmatic Ltd is a leading 3D design, engineering and information management software developer and supplier for the marine, process and energy industries. Our growing customer base includes over 1000 customer organizations in 59 countries. CADMATIC’s headquarters are located in Turku, Finland. The company also has offices in the Netherlands, Hungary, Italy, Spain, Sweden, the UAE, India, Singapore, China and Russia, as well as certified resellers in over 15 countries.

Cadmatic is owned by Elomatic Ltd (53%), Sampo Group/Mandatum Life (17%) and CADMATIC employees (30%).