THE PREACTOR GROUP
MIKE NOVELS
The board of directors were nearing retirement, and needed an exit strategy. We received an unsolicited approach from a company, which gave us a valuation close to the figure we had set ourselves as a target. However, having never sold a company before, we felt we needed professional help to get the best combination of price and acquirer.
WITH BCMS, WE FELT IN VERY GOOD HANDS
THE SELLER
THE PREACTOR GROUP
- Advanced planning and scheduling software for manufacturing
- Staff: 63
THE BUYER
SIEMENS AG
- The largest engineering company in Europe
- Global revenues of £71.9bn (2014)
THE FACTS
- Companies researched: 120
- Meetings held: 9
- Potential acquirers included:
- US software corporation, European solutions company, US ERP provider, UK software company
June 2013
Deal Completion:
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