Nemetschek Acquires HCSS In 2 Billion Deal At 20x EBITDA
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Nemetschek (NEMKY) has agreed to acquire Heavy Construction Systems Specialists (HCSS) for over $2 billion, valuing the company at more than 20 times its expected 2025 EBITDA. This acquisition aims to enhance Nemetschek's presence in the heavy civil construction market. Thoma Bravo will retain a 28% stake in the Build segment. HCSS, which generated $215 million in revenue last year, serves over 4,000 clients in North America. Following the announcement, Nemetschek's shares fell by 3.9% in Frankfurt, reflecting market concerns despite the strategic benefits of the deal.
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