MUNICH, Germany, Mar 27, 2015 – Executive and supervisory boards of Nemetschek AG will propose the conversion of Nemetschek AG into a European Company (Societas Europaea – SE) to shareholders at the annual general meeting on May 20, 2015. An SE is a public company according to EU law.
The proposed conversion into an SE is a consistent step in the company’s development following the successful internationalization and growth of the past few years. Today, the majority of staff (65%) is already employed outside Germany. Nemetschek’s conversion is in keeping with the Group’s global alignment and the requirements of an international and open corporate culture.
The conversion will have no impact on the company structure. The legal and entrepreneurial identity of the company will be retained. The dualist system, comprising executive board and supervisory board, will continue and the involvement of the shareholders will remain the same as it was before the conversion. The financial reporting will also proceed as in the past. Nemetschek’s corporate headquarters will continue to be in Munich, Germany.
About the Nemetschek Group
The Nemetschek Group, Munich, is a globally leading software provider for the AEC (Architecture, Engineering, Construction) industry. With its 13 brands, the Nemetschek Group now serves more than 1.8 million users in 142 countries from more than 40 locations worldwide. Founded in 1963 by Professor Georg Nemetschek, the company focuses on innovations such as Open Building Information Modeling (Open BIM) for the AEC market of tomorrow. Publicly listed since 1999 and quoted on the TecDAX, the company achieved according to preliminary figures, revenues of EUR 218.5 million and an EBITDA of EUR 56.8 million in 2014.
