Central Innovation Pty Ltd has acquired the SOLIDWORKS & 3D Experience assets of Cadspace Pty Ltd
News • Rob Keogh • 10 August 2022
Steve Thomas (left) from Cadspace and Mike Russell from Central Innovation
News Release 10 August 2022
On the 9th August 2022, as part of a values-based transaction, Central Innovation Pty Ltd (Ci), through its subsidiary Intercad Pty Ltd, has acquired the Australia 3D CAD assets of Cadspace Pty Ltd. As a key element of the deal, all staff of Cadspace have taken roles with Intercad.
The acquisition of the assets complements the vision of Ci and its subsidiaries which is to help customers “design, build and make a better world.” Ci achieves this with its people who are the difference between the technology and customers’ ability to get the most out of it.
Steve Thomas, Managing Director of Cadspace said, “we’ve always engaged in constructive competition between the two companies, I look forward to working with the joined-teams to make sure that the integration is smooth as possible with as little disruption to our customers ”.
Mike Russell, Managing Director of Ci, said “I am thrilled to welcome the customers and staff of Cadspace to the Ci family. We have continued to invest in creating capability in our Team, and in developing our own products for the AEC and Manufacturing sectors in ANZ such as Datasuite, # Task, Ci Tools and # BOM in the software space, and the range of consulting services we provide.”
Russell commented further, “Intercad is an award-winning distributor of SOLIDWORKS desktop software, and 3D Experience Platform software, which is Cloud SaaS. So, our people can assist customers to adopt the approach that best suits them.”
The acquisition is a natural progression for Ci, and the transaction continues the 30+ year tradition of investing in the Australia and New Zealand markets for AEC and Manufacturing.
About Central Innovation Pty Ltd
Central Innovation Pty Ltd (Ci) – ACN 123 240 362
(Ci) provides world-class design, production software & services for the architecture, construction, and manufacturing industries. Through brands like, Intercad, Graphisoft, IC3D, SOLIDWORKS, Dassault Systemes 3D Experience Cloud Platform, Archicad, Solibri, Datasuite, # Task, # BOM, Ci Tools and others, Ci continually develops its business, and its service offering to help customers achieve the benefits that their technology purchases can deliver.
Yelli Kruger, Head of Marketing, Central Innovation Pty Ltd