11.07.2024
Binder Grösswang advises Addnode Group AB (based in Stockholm, Sweden) on the acquisition of PRIME Aerostructures GmbH (based in Klosterneuburg, Austria).
Addnode Group acquires, operates and develops innovative companies in the field of digitalisation and is a leading global provider of software and services for design, construction, product data and facility management, and also supports the public sector with solutions for document and case management.
The acquisition was made via Technia, a subsidiary of the Addnode Group, which operates in the Product Lifecycle Management division. The signing took place on 13 June 2024 and the closing on 8 July 2024.
The Binder Grösswang deal team was led by Corporate / M&A Partner Andreas Hable, Corporate / M&A Senior Associate Vilma-Reeta Maarit Kivilahti and Corporate / M&A Associate Michael Mittermair. Other members of the advisory team were Partner Johannes Barbist, Partner Regina Kröll and Armin Nimmrichter (Regulatory), Partner Angelika Pallwein-Prettner as well as Inka Essl (Labour Law) and Florian Defrancesco (IP/Data Protection).
The Addnode Group employs 2,700 people and consists of around 20 companies that are represented in 19 countries on four continents. Net sales in 2023 amounted to SEK 7.4 billion. Addnode Group's Series B share is listed on Nasdaq Stockholm in the Large Cap segment.
Prime Aerostructures is a leading Dassault Systèmes company in the aerospace industry, specialising in advanced aerostructures and using technology and services to develop lightweight, high-performance components that improve the efficiency and safety of aircraft. Its services cover the entire product life cycle, from concept to production and certification.