The merger further accelerates the development of highly efficient, user-friendly PLM solutions with a low code/no code approach, as part of a continued buy and build strategy
Karlsruhe, May 27, 2021 – Technology investor LEA Partners (“LEA”) enables the merger of PROCAD with keytech Software GmbH as well as ACATEC Software GmbH, creating a leading software vendor for the digitalization of product lifecycle management. With over 250 employees the group serves approximately 1,350 customers and more than 125,000 users worldwide. Their combined strengths are set to accelerate innovation, with a strong focus on next generation cloud applications and software-as-a-service solutions. Customers will benefit from the joint expertise to simplify and to speed up processes to develop, manufacture, distribute and service products.
Founded in 1996, keytech Software GmbH specializes in optimizing business processes across the product lifecycle. The company is one of the premier suppliers PLM and PDM software for mid-market manufacturing companies.
ACATEC Software GmbH develops and sells product configuration solutions and entered the market in 2004. ACATEC is a technology leader in CAD automation, 3D visualization of custom products, and end-to-end business process automation.
Gerhard Knoch, CEO PROCAD:
"We are excited about this merger and aspire to be the partner of choice for manufacturers aiming to efficiently orchestrate knowledge across their product lifecycles. Together with our international network of partners, we will further drive our global growth. Our joint software solutions are highly intuitive and enable companies to successfully manage their product lifecycles in a world of ever-growing complexity.”
Dr. Reiner Heimsoth, founder and CEO keytech:
“With keytech and PROCAD, we're bringing together two very experienced companies. When you have two PLM powerhouses joining their forces and in-depth expertise, one thing is for sure: their combined proven PLM and PDM solutions deliver a substantial efficiency boost to the manufacturing sector.”
Henning Bitter, founder and CEO ACATEC:
„Our speedmaxx configurator and the PLM solutions from both, keytech and PROCAD, perfectly complement one another. The merger creates by far the best one-stop solution for an all-around smart digital product lifecycle – from product configuration by the customer at the point of sale to manufacturing all the way to distributing and servicing of the product.”
Philipp Hertel, Partner bei LEA:
„With our investment in PROCAD in August 2018 we aimed to drive the development towards a comprehensive product suite for the digitalization of product lifecycle management. The addition of the accomplished software products and expert teams from both keytech and ACATEC is another significant step on this path.”