Another completion for PEM Corporate Finance! We advised on the disposal of Quintic Limited a Cambridge based CAD software company to Dusseldorf based CAD Schroer. We were able to achieve this quite speedily due to the close cooperation between buyer and seller.
Quintic has a long-standing relationship with CAD Schroer having been instrumental in developing its MEDUSA and STENO/PRO CAD SYSTEMS.
This M&A transaction is a good example of a very close working relationship between supplier and customer being cemented with the customer acquiring the key supplier. Quintic becomes a division of CAD Schroer UK, but will continue to service its other customer such as Lloyds of London.