CMS has advised Arkance on its acquisition of CAD Studio, a company involved in the digitalization of Manufacturing and Construction industries in the Czech and Slovak Republics and Hungary, from Autocont, a member of the Aricoma Group. Dunovska & Partners advised the sellers on the deal.
Arkance is a subsidiary of the Groupe Monnoyeur. According to CMS, "this acquisition is in line with the Groupe Monnoyeur's [plan] to establish a leading European distribution network to support its clients – Building and Earthmoving Contractors, Design Offices, Infrastructure Owners, Manufacturing Companies, and Mines and Quarry operators – on their digitalization journey.
According to CMS, "historically linked to the Construction business through its Caterpillar dealership activities in Europe, the Groupe Monnoyeur was able to perceive very early on the major impact that digitization would have on its customers in the long term. By acquiring CAD Studio, leader in its markets, Arkance is investing in a company that has grown by forging close relationships with its many loyal customers. Those customers will now have access to a larger network of technical professionals, sometimes operating in territories with advanced market maturity – from which they will take some best practices."
CMS reports that, "after a transition period, the CAD Studio's team will operate under the Arkance Systems banner, the Arkance division dedicated to the implementation of BIM & CAD solutions."
CMS's team included Managing Partner Helen Rodwell, Senior Associates Frances Gerrard and Eliska Copland, and Associates Pavel Kocian and Martin Balaz.
The Dunovksa & Partners team was led by Attorney Michal Koncuh.