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K1 Investment Management completes sale of GoCanvas to Nemetschek Group

Jul 03, 2024•over 1 year ago

Acquiring Company

Nemetschek Group

Acquired Company

GoCanvas

MunichRestonSaasSoftwareInformation Technology

Description

K1 Investment Management, a large small-cap enterprise software investment firm, has successfully completed the sale of GoCanvas, a leading field worker collaboration software provider, to Nemetschek Group. During their partnership, K1 facilitated significant growth and strategic acquisitions for GoCanvas, resulting in a milestone sale.

Company Information

Company

Nemetschek Group

Location

Munich, Bavaria, Germany

About

The Nemetschek Group is a leading global provider of software solutions for the AEC/O (Architecture, Engineering, Construction, Owner Operator) and media industries. It offers subscription and SaaS products that simplify customers’ jobs and connect openly with other AEC/O solutions and platforms, aiming to cover the complete AEC/O life cycle.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed