M&A Deal Summary

Virtualware Acquires Simumatik

On October 21, 2024, Virtualware acquired information technology company Simumatik for 1M EUR

Acquisition Highlights
  • This is Virtualware’s 1st transaction in the Information Technology sector.
  • This is Virtualware’s largest (disclosed) transaction.
  • This is Virtualware’s 1st transaction in Sweden.

M&A Deal Summary
Date 2024-10-21
Target Simumatik
Sector Information Technology
Buyer(s) Virtualware
Deal Type Add-on Acquisition
Deal Value 1M EUR

Target

Simumatik

Skövde, Sweden
Simumatik devises digital twin emulation for industrial applications. The company counts among its clients Volvo, Loramendi, Kornit Digital, and educational sector players such as Mondragon University, Ohio University, Singapore Polytechnic, and HoGent. These companies are creating digital twins of critical components and entire manufacturing solutions. Simumatik was formed in 2018 and is based in Skövde, Sweden.

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Buyer(S) 1

Buyer

Virtualware

Basauri, Spain
Category Company
Founded 2004
Sector Information Technology
DESCRIPTION

Virtualware provides extended reality (XR) technologies and real-time 3D enterprise solutions to the industrial, educational, and healthcare sectors. The company develops immersive solutions oriented to the industrial end educational world, and counts among its clients multinationals and institutions such as GE Hitachi Nuclear Energy, Ontario Power Generation, Petronas, Iberdrola, Alstom, Guardian Glass, Gestamp, Danone, Johnson & Johnson, Biogen, Bayer, ADIF, the Spanish Ministry of Defense, McMaster University, El Retoño Technical University or EAN University, to name a few. Its flagship product VIROO, a VR as a Service (VRaaS) platform, makes Virtual Reality accessible to companies and institutions of all sizes and sectors. Virtualware was formed in 2004 and is headquarters in Bilbao, Spain.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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