Intrinsys acquired by Addnode Group
Stockholm-listed Addnode Group AB has acquired UK-based engineering software and support services specialist Intrinsys Ltd, in a deal advised by BCMS. The value of the deal is an initial £11m, with £4m deferred until 2019.
Intrinsys is the UK’s largest independent specialist in the provision of PLM (Product Lifecycle Management) software and support services. Based in Stockholm, Sweden, and listed on the Swedish Stock exchange, Addnode Group is one of Europe’s leading suppliers of software and services for design, construction and product data information.
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