What's Happening?
Addnode Group's Symetri division has acquired SolidCAD, a leading Autodesk Platinum Partner in Canada. This acquisition expands Symetri's reach in the Americas, adding to its presence in the US and Brazil. SolidCAD's expertise in digital solutions for design, construction, and manufacturing industries complements Symetri's growth strategy and enhances its service offerings.
Why It's Important?
The acquisition strengthens Addnode Group's position in the North American market, providing access to Canada's robust manufacturing and construction sectors. It aligns with the company's strategy to support digital transformation and sustainability in design and manufacturing. This move is expected to create value for shareholders and enhance Symetri's global footprint.
What's Next?
Symetri plans to integrate SolidCAD's operations and leverage its network to offer advanced productivity and sustainability solutions. The acquisition is expected to positively impact Addnode Group's earnings per share, with SolidCAD being consolidated into the Design Management division. Closing is planned for late October 2025.
