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Amtech Group

Amtech is the UK’s leading independent developer of software and data services for the mechanical & electrical (“M&E”) building services industry.

Background

Amtech has been developing software for electrical contractors and the wider building services industry since 1984. Clients range from small businesses to major contractors and multi-national corporations. The product range includes four market-leading product suites: software for electrical design, testing and inspection; estimation and cost control software; product and pricing information for the M&E market (including an online portal); and digital specification libraries for building standards and codes of practice.

The Big Idea

Management were keen to broaden Amtech’s proposition by investing in the strategically important Business Information Modelling (“BIM”) market. To achieve this, they needed to first complete a buyout from their incumbent bank investor. Primary was chosen from a number of potential backers as the best party to deliver the £35 million deal and support management in their ambition to develop the BIM opportunity and significantly grow the business in new markets.

The Grand Plan

We supported Amtech’s move into the BIM market with the acquisition of ArtrA, one of the world’s leading software applications for creating smart models of buildings, leading to substantial efficiency savings during a building’s lifecycle, from construction to maintenance and facilities management.  In addition, we assisted the business in strengthening the management team and supporting the wholesale redevelopment of the product suite.

The Bottom Line

With the redevelopment of most of the existing product suite and the acquisition of ArtrA, Amtech consolidated its leading position in the UK M&E market.  The company was sold to Trimble (NASDAQ: TRMB) in November 2014.

Amtech logo

Investment Summary

Date of investment:  March 2010
Deal status:  Realised
Date of realisation: November 2014

Investment return multiple: n/d

Company website:  www.amtech.co.uk
For more information talk to:  Peter Jacobs or Alistair Armstrong

Amtech's customers have worked on major building projects, such as the London 2012 Olympics.



"The team at Primary are great to work with. They understand our business and its opportunities and are very supportive to me personally as CEO.

   Their forward thinking approach is allowing us to embrace significant new opportunities that will lead to substantial growth over the next few years".

Mark Tindall, CEO, Amtech



“I came in as Chairman of Amtech just after the Primary investment in June 2010. They have been totally supportive, responsive and are a genuine pleasure to work with. I believe Primary have an exceptionally open and straightforward culture. They have been with us every step of the way as we have both strengthened senior management and executed a strategic acquisition.”

Jon Richards, Chairman, Amtech

 

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