The SHD AG acquires majority stake in ArtiCAD, strengthening its international growth strategy.
Andernach, 12th February 2016. As of February 11, 2016, SHD AG acquired the majority of the shares in British software specialist, ArtiCAD Holdings Ltd. The company founder, Richard Turner and Group Sales Director, Daniel Allerton, will remain as shareholders and will be responsible for the further development and sales strategy for ArtiCAD’s software solutions.
ArtiCAD was founded in 1992 and specialises in the development and marketing of design software and custom technologies for the kitchen, bedroom and bathroom industry. Today, ArtiCAD is one of the leading players in the international market for visual planning software.
Stefan Hahne, CEO of SHD: “We are delighted to welcome ArtiCAD as a new subsidiary of the SHD Group. Both the company strategy and the product portfolio perfectly completes our successful KPS planning software product family. With this acquisition we continue our growth strategy - especially in international markets". ArtiCAD founder Richard Turner adds:" This affiliation with SHD AG, the leading provider for IT solutions for the German furniture and kitchen market, is the right alignment for ArtiCAD and for our new and existing customers. It extends our global growth opportunities significantly.”