Nemetschek to Sell its 22.4% Share in DocuWare
MUNICH, Germany, Jul 10, 2019 – Nemetschek SE (ISIN 0006452907) has agreed to sell its 22.4% interest in DocuWare. The sale is made within the scope of the acquisition of DocuWare by the technology company, Ricoh, with the founders and financial investors also divesting themselves of their shares in the company. Nemetschek has held this minority interest in the document management and workflow solutions provider for years.
DocuWare solutions are successfully integrated into some of the brands of Nemetschek Group such as Nevaris and Crem Solutions. Following the sale of the interest, the close cooperation between DocuWare and the Nemetschek brands will continue.
The proceeds from the sale of the 22.4% share after the closing of the transaction will lead to a book profit, which will have a favorable impact on the 2019 earnings per share (EPS). In addition to the expected growth of the EPS as a result of the operating business, from today’s perspective, the sale will lead to an additional one-off rise in the EPS of about 40% compared to the previous year’s figure.
The deal is expected to close over summer 2019, subject to receiving clearance from the relevant competition authorities in Germany and Austria and completion of the other customary closing conditions.
Patrik Heider, Executive Board Spokesman of Nemetschek SE: “We have made use of a market opportunity to divest ourselves of this interest in a value-driven manner. At the same time, it is ensured that we will continue to work closely together with DocuWare and our brands will also have access to the innovative solutions from DocuWare in the future.”
About Nemetschek Group
The Nemetschek Group is a pioneer for digital transformation in the AEC industry. As the sole corporate group worldwide, Nemetschek covers the entire life cycle of building and infrastructure projects with its software solutions and guides its customers into the future of digitalization. With its intelligent and innovative software solutions, the Nemetschek Group increases quality in the building process and improves the digital workflow of all those involved in the building process. This revolves around the use of open standards (Open BIM). The innovative solutions of the 16 brands in the four customer-oriented divisions are used by more than five million users worldwide. Founded by Prof. Georg Nemetschek in 1963, the company today employs more than 2,600 experts. Publicly listed since 1999 and quoted on the MDAX and TecDAX, the company achieved revenue in the amount of EUR 461.3 million and an EBITDA of EUR 121.3 million in 2018. For more information, visit https://www.nemetschek.com.