Jul 04, 2019
StruSoft announces acquisition by industrial owner company Vind
Vind has joined StruSoft as a majority owner
MALMÖ, SWEDEN, July 4th. 2019 — StruSoft, the provider of software for structural analysis, design and process management within the construction industry, announces that the industrial owner company Vind has become the new majority owner. The change in ownership will enable an acceleration in the further development of StruSoft, its product offering and its geographic coverage.
“We have been looking for the right new owner who shares our vision and beliefs and who represents a new generation that can take over the leadership of the business for the decades to come. I am happy to announce that the industrial owner company Vind will become a 78% owner of StruSoft and that Dennis Kristensen, currently VP of StruSoft Denmark, will be taking over after me as the CEO.” said StruSoft’s CEO Paul Rehn.
Vind is a very long-term oriented owner in private and public businesses within software, life science and other sectors. Paul Rehn and other members of the management will remain co-shareholders of StruSoft. Paul Rehn will continue to work as Head of Business Development and will also be a member of the board of the company.
“StruSoft is attractively positioned as the market leader in the Nordics with its FEM Design structural design software and IMPACT precast concrete software, with many further excellent software products and services on offer and in development. The aim of StruSoft to widen its geographic coverage and to launch new products, such as the BIM Energy platform for the simulation of the energy use of buildings, is well aligned with our desire to contribute to progress and sustainable growth for the very long term.” said Vind’s CEO Harald Høegh.
Vind is a privately owned industrial owner company with interests in private and public businesses across Europe. Vind is very long-term oriented and has preference for owning businesses with sustainable growth prospects. The company can be both a majority owner and a minority partner when investing in private businesses, typically seeking to become a new permanent home when entrepreneur- or family owners see a need for change in ownership. Vind is markedly different from most financial and corporate acquirers and investors, in that it fosters a decentralized and entrepreneurial leadership with minimal shorter-term pressure, as it has no plans to sell its businesses again: www.vindgroup.com.
StruSoft makes life easy for building-, structural design- and architectural engineers who work with analysis and design of buildings, structural engineering, 3D modeling, detailing and assembly. The company provides highly specialized software tools for construction companies, engineering firms and consulting companies. The software helps its users save time and money by increasing the quality, efficiency and productivity in the engineering process.
StruSoft provides several suites of software – FEM-Design, IMPACT, Dimension, WIN-Statik, PRE-Stress, VIP-Energy, BIM Energy and BIMcontact. The proprietary software is built in close cooperation with the users, with a visionary and innovative approach to structural analysis and design, and upon 30 years of experience. The programs have an outstanding technical performance in combination with a user-friendly interface that generates the insight and knowledge necessary and desired for handling complex, mission-critical building analysis & design challenges. More than 10,000 users with more than 1,000 clients in over 20 countries are so far part of the StruSoft community.
StruSoft had revenues of 83 MSEK in 2018 and has around 120 employees located in the Nordics, Hungary, India, the Philippines and UK.