STAVANGER, Norway, September 30, 2021 / PRNewswire-PRWeb / – JDM Technology Group, a global group of leading software providers for the architecture, engineering, construction, maintenance and operations industries, announced today ‘hui the acquisition of Stavanger, Norway based at Safran Holding AS, a manufacturer of risk, project and portfolio management software for the construction industry and the built environment.
Safran’s world-class software enables companies to accurately plan and execute complex projects in industries such as oil and gas, engineering and construction, aerospace and defense, utilities and the public sector. Safran has offices in new York, London, and Oslo, with an international sales team based in the UK, and a network of partners and resellers.
The majority shareholder Progressus, a private equity fund, which invested in Safran in 2012, supported the company and its strategy of expanding its software portfolio, increasing its geographic footprint and diversifying into industries beyond the oil and gas sector.
In a press release on the operation, the CEO of Safran Richard Bois said, “As Safran continues to grow and launch more SaaS products, we recognize that JDM Technology Group can bring the resources and experience to accelerate this trajectory. We are therefore delighted to have the opportunity to join JDM and be part of a global software group with such tremendous skill, experience and reach within our target markets. ”Wood will continue in his role as CEO after the acquisition.
Safran will join a growing group of industry-leading software vendors within the JDM Technology Group. Known for its customer focus and commitment to creating exceptional software for the built environment and having acquired numerous companies since 2004, the JDM technology group has a proven strategy for integrating acquired companies into its existing infrastructure.
“We are very pleased to add Safran’s exceptional risk analysis and project management software to our portfolio,” said Jim McFarlane, CEO of the JDM technology group. “Our overall purchasing and construction strategy ensures that we will continue to develop Safran’s products, brand and organization, and to provide quality service and support to current and future customers. As a private family business, we focus on the long term. The strategy continues to make JDM Technology Group a great home for software companies. “
The consideration paid for Safran in the transaction is not disclosed, but in a comment the Chairman of Safran Per Arne Jensen, also a Progressus partner, says: “The value is in line with the international valuation of software companies and is a good multiple of the invested capital.”
Silverpeak LLP, the LondonAdvisor specializing in SaaS and enterprise software, acted as exclusive financial advisor to Safran and its shareholders in this transaction.
Safran is an international publisher of risk, project and portfolio management software, headquartered in Stavanger, Norway. A UK-based international sales team is supported by a network of international partners and resellers. Safran has additional offices in new York, London, and Oslo.
Safran has a portfolio of Fortune 500 Global clients, many of whom are from the Engineering & Construction, Energy and Infrastructure & Transport industries, and new clients have been recruited worldwide both directly and through international partners and resellers.
Since 1997, Safran has worked closely with its customers to understand the complex requirements of project planning and control software. Risk management has been a key element of Safran’s added value and constitutes a strong differentiator, and a new product was launched in early 2021 to further expand the range of the risk portfolio.
About JDM Technology Group
JDM Technology Group is a global software company focused on providing enterprise software systems for the architecture, engineering, construction and operations industries with more than 150,000 users served in 40 out of 7 countries continents, employing more than 550 people. The core philosophy of JDM Technology Group is a long-term commitment to customer support and service associated with providing the best possible solutions to customers. JDM Technology group companies include CSSP, CostCon, LEVESYS, Nimbus, Plusfactor and Spearhead Software in Australia and New Zealand; Computer Guidance Corporation, ConEst Software, Explorer Software, EPAC, IndustrySmarts, JOBPOWER, Maestro Technologies, MicroMain Corporation, MPulse Software, TeamWORKS and Vision InfoSoft in North America; and Estimate, Integrity, RedSkyIT and Rendra in the UK, Europe and the Middle East.
Progressus is a private investor providing capital and skills to growing companies in the technology sector. Progressus currently manages two private equity funds with a committed capital base of NOK 550 million. Safran is part of the Progressus II fund which will now be dissolved. Following this transaction, Progressus now manages a holding company, add energy group.
Progressus acquires controlling positions in companies and works closely with management teams to help develop companies and drive growth plans. Progressus believes that great companies thrive on great leadership and strong management teams. We drive leadership to inspire enthusiasm in customers, employees and business partners – to create a winning culture across the organization.
The Progressus management team joined forces with EV Private Equity in 2015.
Richard Bois, Safran Software Solutions, 44 7799663101, [email protected]
She Shum, JDM Technology Group, 847-725-0907, [email protected]
SOURCE JDM Technological Group