EQS-News

Continued Growth for CENIT Group

EQS-News: CENIT AG / Key word(s): Mergers & Acquisitions Continued Growth for CENIT Group 10.01.2024 / 14:20 CET/CEST The issuer is solely responsible for the content of this announcement. CENIT acquires CCE b:digital, consolidating position as leading strategic global partner of Dassault Systèmes and expanding market share

Stuttgart, January 10, 2024 – CENIT began the new year with a first milestone: Effective January 1, 2024, the international CENIT Group has acquired a 100% share of CCE b:digital GmbH & Co. KG (CCE). The acquisition consolidates the Group’s Dassault Systèmes business and secures additional market shares.

Established in 1996 and now working with a 16-strong team, CCE has positioned itself as a provider of digital solutions and services for engineering and manufacturing, with a particular focus on the Dassault Systèmes portfolio. The core business of the company, based in Bissendorf near Osnabrück, is in PLM services, application and digital services. The IT and software provider’s market position and its excellent reputation among about 500 client businesses throughout the German-speaking part of Europe is grounded in its 3DEXPERIENCE competence, including a migration and introduction concept specially designed for SME clients.

The acquisition of CCE, a Dassault Systèmes Platinum Partner and an economically sound business with outstanding technology expertise, represents a continuation of the Group’s ambitious “CENIT 2025” business strategy: CENIT plans to achieve organic and inorganic growth to reach a sales target of € 300 million in 2025. The strategy includes a targeted M&A campaign to sustainably reinforce and expand CENIT’s five business segments. As the latest member of the Group, CCE will strengthen CENIT’s national and international Dassault Systèmes business.

Synergies and the economy of scale

“Our strategy is based on the conviction that meaningful profitable growth can only be achieved if CENIT and its subsidiaries benefit from one another – technologically, culturally and in our operational setup. In acquiring CCE, we are merging complementary market segments and competencies. That offers us potentials for synergies and economy of scale benefits, in technology and business terms”, says Peter Schneck, CENIT CEO. He adds: “With CEE as an integral part of CENIT, we are further expanding our market share as a specialist for future-proof 3DEXPERIENCE solutions and strengthening our position as one of the globally leading strategic Platinum Partners of Dassault Systèmes.”