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Architecture software developer Nemetschek sees potential for $2.9 bln in acquisitions

Reuters
Jul 14
Architecture software developer Nemetschek sees potential for $2.9 bln in acquisitions

MUNICH, July 14 (Reuters) - The German architecture and construction software developer Nemetschek NEKG.DE sees potential for further acquisitions of up to 2.5 billion euros ($2.92 billion), its Chief Executive Officer Yves Padrines told Reuters on Monday.

"With our balance sheet strength, and a possible capital increase if required, we would have the strength to invest between 2.0 and 2.5 billion euros in takeovers," Padrines said in an interview.

"We are looking at everything in the Planning & Design and Build & Construct segments," he added, saying that the bigger acquisitions would fall under the latter, while Planning & Design would see smaller deals.

(Reporting by Alexander Hübner, writing by Marleen Kaesebier in Gdansk; editing by Matthias Williams)

((marleen.kaesebier@thomsonreuters.com;))

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