LEAMINGTON SPA, UK, Aug 17, 2017 – Solid Solutions Management Ltd has acquired New Technology CADCAM to support its continued growth and enhance its ability to deliver more sophisticated SOLIDWORKS-based CAD solutions.
Having acquired New Technology CADCAM, and following the acquisition of Cadtek
Systems Ltd in 2016, Solid Solutions now supports a customer community of more
than 12,500 UK and Ireland-based customers. These encompass product designers, mechanical engineers, manufacturers and educational institutions. The Group provides an extensive range of 3D CAD and CAM software tools, as well as comprehensive training and support services.
Founded in 1998 by managing director, Alan Sampson, and technical director, Simon Turner, the business has experienced strong growth and is the UK & Ireland’s leading reseller of SOLIDWORKS, the 3D CAD software package owned by Dassault Systèmes. SOLIDWORKS is used by more than three million product designers and engineers worldwide and by over 265,000 individual companies.
The Solid Solutions Group, which generates annual turnover in excess of £40 million, employs 220 people across the UK & Ireland and has more SOLIDWORKS Elite Applications Engineers than any other reseller worldwide. In January this year, the business received 17 awards at the annual SOLIDWORKS’ conference in Los Angeles, confirming its position as the UK’s leading 3D CAD reseller for SOLIDWORKS.
The acquisition adds both scale and capacity benefits, and allows customers to benefit from an even wider product and service offering, plus easier access to training by adding New Technology CADCAM’s eight UK training centers to the 11 already operated by Solid Solutions.
Alan Sampson, managing director at Solid Solutions, said: “This investment allows us to accelerate the growth plans for the business by increasing our scale. We are experiencing growing demand for the products and training we provide, and are delighted that we are positioned to respond to this demand with the backing of a highly experienced team that also helps broaden the range of solutions we offer.”
Solid Solutions is backed by BGF, the UK’s most active investor in small and mid-sized companies. To support its continued growth, BGF invested £8m in the business in March 2016.
James Syrotiuk, investor at BGF who sits on the board of Solid Solutions, said: “There remains a lot of opportunity for Solid Solutions in the 3D CAD/CAM market. Alan, Simon and their management team are passionate, knowledgeable and committed to growing the business. We are pleased to be supporting the company as it continues to pursue these opportunities.”
Advisors to the transaction were: White & Black LLP.
For more information, visit www.solidsolutions.co.uk.