Symetri joins forces with Excitech after acquisition by Addnode Group
January 17, 2020
A North East-based provider of software and services for design and engineering activities has recently announced the acquisition of Excitech Ltd, a leading company in technology and services for the construction and manufacturing sectors.
Addnode Group, which owns Symetri, described the acquisition of the £50 million turnover company as in line with Symetri’s strategy to be an international market-leading provider of software and services to the industry.
With more than 3500 customers and 150 people, Excitech is an Autodesk platinum partner in the UK and a solution provider of CAD, BIM, PDM software, training and consultancy services.
Gosforth-headquartered Symetri’s acquisition of Excitech will also strength their market position in construction and manufacturing markets. It will create a customer base of more than 10,000 customers, enabling them to deliver more value.
Adrian Atkinson, chairman and founder of Excitech, explained: “Excitech is a strong business and the company is ready to take the next step.
“When we began discussions with Symetri about how the two businesses could work together, it quickly became clear that the two organisations share common values with a strong empathy for employees and customers, and complementary skills and technologies.
“Together I believe we will achieve more.”
Jens Kollserud, CEO of Symetri, added: “Excitech has been the benchmark for Autodesk Platinum Partners in the UK for many years, looking after over 3 500 customers of design and engineering solutions.
“They are respected experts and hold extensive expertise in the UK construction and manufacturing sectors and will bring exceptional BIM skills and innovative IP to our total customer base of more than 10 000 customers and 150 000 users.
“We are excited about the additional value our combined leading-edge technology and services, together with our expertise, will bring to our customers in the years ahead.”