Cranes Software International

Cranes Software to acquire Cubeware GmbH for €18 million

Bangalore-headquartered Cranes Software International Limited has informed that the company has completed the due diligence exercise to acquire Cubeware GmbH through its WOS Systat Software GmbH for a cash cum share deal aggregating to €18 million.

Under the arrangement, Cranes Software would pay €12 million in cash and the remaining €6 million worth of shares of the company would be allotted to the shareholders of Cubeware GmbH.

Cranes Software’s unit acquires Germany-based Cubeware

Bangalore-based Cranes Software International has informed that its wholly owned subsidiary Systat Software GmbH has entered into an agreement to acquire Germany-based Cubeware GmbH.

Cranes Software International Limited provides scientific and engineering software products and solutions to customers worldwide.  

Cranes Software has presence in 39 countries across the world and has a 350,000 strong global user base.