Deal type
Sector
Merger of Planit Holdings Limited and Vero Software Limited
HMT Corporate Finance, led by partner Peter Barrand, advised the management of Planit Holdings Limited, a leading developer of computer-aided manufacturing (CAM) and computer-aided design (CAD) solutions, on their merger with Vero Software Limited, a leading provider of CAD/CAM/CAE solutions for the tooling industry.
Founded in 1983, Ashford-based Planit develops and supports software and services for CAD/CAM, specifically targeting the woodworking, cabinet-making, engineering and stone industries.
Established in 1997, Cheltenham-based Vero is a supplier of specialist software for the design and manufacturing of applications for plastic injection moulds, sheet metal stamping dies and electrode production across a range of industry sectors.
Bryan Pryce, CEO of Planit Holdings, commented:
"I would like to thank Peter and the team for their advice to the management team throughout the transaction, their support was invaluable."
Peter Barrand commented:
"Having advised on the original sale to August Equity in 2006, I am delighted to have helped the management team realise their investment 5 years later."