Portfolio Company Amtech Acquires ArtrA
Primary Capital is pleased to announce the acquisition by its portfolio company, Amtech, of ArtrA Ltd’s building information modelling (‘BIM’) business. Terms are undisclosed.
ArtrA is one of the world’s leading software applications for creating smart models of buildings and assets. ArtrA’s software platform acts as a central repository for all project data, information and documentation which can then be interrogated throughout the building’s entire lifecycle. This creates substantial efficiency savings for all stakeholders during the construction and commissioning phases of a building, as well as ongoing maintenance and facilities management.
Alistair Armstrong, of Primary, commented, “We are very pleased to have acquired ArtrA’s excellent software capabilities. Since our buy-out of Amtech in 2010, development of its BIM capabilities has been a key strategic objective and the acquisition of ArtrA will accelerate our ongoing organic initiatives in this high-growth, regulatory-driven area. We undertook a comprehensive international search for the best BIM acquisition targets and had been tracking ArtrA for some time, so we are delighted that Amtech has been able to complete this proprietary transaction.”
Peter Moyes, ArtrA’s founder and Managing Director, and who will become Amtech’s Director of BIM Industrial Solutions, said: “Amtech is a strong strategic fit with ArtrA. Over the last decade, we are very proud of the software we have developed. The support and proven expertise that Amtech can offer, as well as its strategic focus on BIM, will allow ArtrA’s products to realise their full potential.”
Mark Tindall, CEO of Amtech, commented, “ArtrA is renowned as one of the technology leaders in the rapidly evolving BIM marketplace. We see its first class software platform as highly complementary to our own significant ongoing BIM development programme. We are delighted that Peter and his team bought into Amtech’s vision for BIM and are tremendously excited about what this will mean for our customers in the coming months.”
Contact Jackie Adams for more information
Tel: +44(0) 20 7920 4800