Nemetschek Group Completes Acquisition of GoCanvas Holdings, Inc.

EQS-News: Nemetschek SE / Key word(s): Takeover
Nemetschek Group Completes Acquisition of GoCanvas Holdings, Inc.

02.07.2024 / 09:13 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Nemetschek Group Completes Acquisition of GoCanvas Holdings, Inc.

Closing of acquisition as of July 1 in line with plans

Munich, July 2, 2024 -The Nemetschek Group (ISIN 0006452907), a leading
global provider of software solutions for the AEC/O and media industries,
today announced that it has completed the acquisition of GoCanvas Holdings,
Inc., a leading provider of field worker collaboration software that
digitizes traditionally paper-based processes, simplifies inspections,
improves safety, and maximizes compliance.

Perfect fit with Nemetschek's Build & Construct Division portfolio to create
unique construction ecosystem

The combination of Nemetschek Group's existing capabilities in the Build &
Construct segment with the leading cloud and mobile SaaS solutions for the
paperless collection, reporting, and integration of field data with GoCanvas
unlocks massive field worker opportunities in construction and several
adjacent industries.

The complementary technologies, customer bases, and regional sales splits of
GoCanvas and the Nemetschek Group will capture significant growth
opportunities and lead to technology synergies through enhanced market and
customer access along the entire AEC/O lifecycle. In addition, the
acquisition strengthens Nemetschek Group's positioning in the US even
further while Nemetschek will provide GoCanvas a unique footprint to expand
in Europe and Asia-Pacific.

GoCanvas, with its SaaS-only offering, will additionally further accelerate
Nemetschek's transition to a subscription- and SaaS-centric business model,
which is one of company's key strategic priorities.

For further information about the company, please contact
Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 540459 250
szimmermann@nemetschek.com

About GoCanvas

GoCanvas is dedicated to transforming how businesses connect their office
and field workers. The user-friendly platforms aim to simplify inspections,
digitize traditional paper-based processes, improve safety, and ensure
maximum compliance with industry standards. GoCanvas mobile and cloud
solutions are designed to streamline data collection from the field to the
office, taking care of administrative tasks so GoCanvas' customers can focus
on what matters most - ensuring the safety of their teams, maintaining the
integrity of their equipment, and operating more efficiently.The company was
founded in 2008 and has more than 300 employees and locations in the US,
Canada, Australia and South Africa.

About the Nemetschek Group

The Nemetschek Group is a globally leading provider of software for digital
transformation in the AEC/O and media industries. Its intelligent software
solutions cover the entire lifecycle of construction and infrastructure
projects and allow creatives to optimize their workflows. Customers can
plan, construct, and manage buildings and infrastructure more efficiently
and sustainably, and develop digital content such as visualizations, films,
and computer games in a creative way. The software company drives new
technologies and approaches such as artificial intelligence, digital twins,
and open standards (OPEN BIM) in the AEC/O industries to increase
productivity and sustainability. We are continuously expanding our
portfolio, including through investments in disruptive start-ups. More than
7 million users are currently designing the world with the customer-focused
solutions of our four segments. Founded by Prof. Georg Nemetschek in 1963,
the Nemetschek Group today employs more than 3,400 experts.

The company, which has been listed in the MDAX and TecDAX since 1999,
achieved a revenue of EUR 851.6 million and an EBITDA of EUR 257.7 million
in 2023.


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02.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Nemetschek SE
                   Konrad-Zuse-Platz 1
                   81829 München
                   Germany
   Phone:          +49 (0)89 540459-0
   Fax:            +49 (0)89 540459-444
   E-mail:         investorrelations@nemetschek.com
   Internet:       www.nemetschek.com
   ISIN:           DE0006452907
   WKN:            645290
   Indices:        MDAX, TecDAX
   Listed:         Regulated Market in Berlin, Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Dusseldorf, Hamburg,
                   Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1937411

End of News EQS News Service
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1937411 02.07.2024 CET/CEST