Graphisoft to acquire two business units from AV-Tech Group
15 November 2022
Graphisoft, Building Information Modeling (BIM) software solutions developer, announced that it has signed a Sale and Purchase Agreement with AV-Tech Group to acquire 3D architecture design company Abvent’s Archicad business units in France and French-speaking Switzerland.
Abvent has been Graphisoft’s distributor in France since 1985 and in French-speaking Switzerland since 1991 and has built successful businesses in both countries.
“Abvent has built an impressive business based on local market knowledge and deep relationships with users by offering outstanding service and support,” said Huw Roberts, Graphisoft CEO.
“This acquisition strengthens our position in these already highly successful French-speaking markets by integrating Abvent’s many years of deep local experience with Graphisoft’s global go-to-market expertise and best practices to add even more value for architects in the region,” he added.
Graphisoft says that the deal is expected to close in the next several weeks when Abvent’s Archicad business units — including market relationships, employees, and assets — will become part of Graphisoft.
The non-Archicad Abvent businesses will be moved into a separate legal entity.