Constellation Software Inc., a Toronto-based software provider, recently acquired Albat+Wirsam Software GmbH, a company focused on software solutions for the flat glass industry and based in Linden, Germany. The seller in the transaction, valued at an estimated €18 million, was Helsinki, Finland-based Glaston Corp. Constellation Software is a portfolio investment of Canadian buyout firm OMERS Private Equity, which has backed the company since 2000. OMERS sold part of its stake in the company in 2012 for gross proceeds of C$173 million.
Constellation Software Completes Albat+Wirsam Software GmbH Acquisition
TORONTO, ONTARIO–(Marketwire – Feb. 4, 2013) – Constellation Software Inc. (“Constellation”) (CSU.TO) announced today that it has completed the purchase of Albat+Wirsam Software GmbH (“A+W”), acting through its Friedman Operating Group (“Friedman”). The agreement to purchase A+W was subject to customary closing conditions including a competition review by the German Federal Cartel Office, all of which have been satisfied.
A+W is the global market leader in software for the flat glass industry. Headquartered in Linden (Rhine-Main area), Germany, A+W develops and markets ERP, production planning and scheduling, and optimization software solutions for the glass, window, door, and curtain-wall industries.
As a result of the purchase, the A+W business will become part of Constellation’s Friedman Operating Group. A+W will operate as an independent division of Friedman, and will continue to develop, enhance, and market their flat glass and fenestration industry software solutions world-wide.
About Constellation Software, Inc.
Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. The Company acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.
About Friedman Corporation
Friedman Corporation is headquartered in Deerfield, IL and is a wholly-owned subsidiary of Constellation Software. Friedman Corporation specializes in complete ERP solutions for manufacturers and distributors of “make to order” and “engineer to order” products in the building products, capital equipment, and automotive sectors. The Friedman Operating group also has a complementary portfolio of software offerings for transportation management, material optimization, supply-chain management, multi-channel merchandising and direct-to-consumer distribution.
Constellation Software Inc.
Chief Financial Officer
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