Merger of Planit Holdings Limited and Vero Software Limited

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Merger of Planit Holdings Limited and Vero Software Limited 2017-06-06T10:54:37+00:00

Project Description

Merger of Planit Holdings Limited and Vero Software Limited

HMT 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 the team for their advice to the management team throughout the transaction, their support was invaluable.”