M&A Deal Summary

Bechtle Acquires DriveWorks

On October 17, 2024, Bechtle acquired software company DriveWorks from BGF

Acquisition Highlights
  • This is Bechtle’s 7th transaction in the Software sector.
  • This is Bechtle’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-10-17
Target DriveWorks
Sector Software
Buyer(s) Bechtle
Sellers(s) BGF
Deal Type Add-on Acquisition

Target

DriveWorks

Cheshire, United Kingdom
DriveWorks works with manufacturing and engineering businesses to provide design automation and 3D sales product configuration software. DriveWorks software as a design tool to automate SOLIDWORKS, 3D CAD design platform. DriveWorks was founded in 2001 and is based in Cheshire, United Kingdom.

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Buyer(S) 1

Buyer

Bechtle

Neckarsulm, Germany

Category Company
Founded 1983
Sector Information Technology
Employees15,245
Revenue 6.3B EUR (2024)
DESCRIPTION

Bechtle is an IT system house provider with everything from IT strategy consultation, the delivery of hardware and software, and project planning and coordination, to the complete operation of the customers’ IT through Bechtle Managed Services. Bechtle was founded in 1983 and is based in Neckarsulm, Germany.


DEAL STATS #
Overall 21 of 21
Sector: Software M&A 7 of 7
Type: Add-on Acquisition M&A Deals 18 of 18
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 BT Stemmer

Olching, Germany

BT Stemmer GmbH is a provider of networking solutions, unified communications, IT security and managed services. BT Stemmer GmbH is based in Olching, Germany.

Buy -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 124 of 131
Sector: Software M&A 10 of 10
Type: Add-on Acquisition M&A Deals 67 of 70
Country: United Kingdom M&A 118 of 125
Year: 2024 M&A 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-14 Signify Research

Cranfield, United Kingdom

Signify Research specialises in providing data-driven research, consultancy and market intelligence to the global healthtech industry, covering areas such as clinical care, diagnostics, medical imaging and AI. Signify Research coverage areas are medical imaging, clinical care, digital health, digital laboratory & lifesciences, healthcare IT and AI in healthcare. Signify Research was founded in 2016 and is based in Cranfield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-01 Keenan Recycling

Aberdeen, United Kingdom

Keenan Recycling is a provider of commercial food waste collection services. The business processes food and organic waste turning it into British Standards Institute accredited compost. Keenan Recycling was founded in 2003 and is based in Aberdeen, United Kingdom.

Sell -