We represented Monnoyeur Group and its company Arkance on the acquisition of AGACAD, a Lithuanian software developer. The firm’s Corporate and M&A practice advised the client on all matters related to the acquisition.
Monnoyeur Group subsidiary Arkance and its 650 employees provide support to more than 50,000 companies of all sizes from a wide range of industries in projects to digitalize their design, production, and service operations. Since its creation in 2011, Arkance has become a significant European player in digitalization, partly through external growth transactions. A few years and through a dozen acquisitions, the Group has established itself in Benelux, Poland, Romania, Finland, and Central Europe (Czech Republic, Slovakia, Hungary), with annual sales increasing from €40 million to €160 million. This continental presence is one ingredient in Arkance’s recipe for success.
In this spirit, the Group’s latest acquisition – AGACAD – was made in January 2021. This Lithuanian software developer has made a name for itself worldwide as a creator of professional extensions for Autodesk® Revit. Its mission of accelerating BIM adoption by creating solutions based on the most advanced practitioners’ experience has already won over 13,000 users of its tools in over 130 countries. Some of the software produced by AGACAD have become must-haves for the design and fabrication of wood, metal, and concrete structures.
The project was implemented by partner Paulius Gruodis, senior associate Mantas Juška and associate Arvydas Grušeckas.