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CAD/CAM Buyout--Planit Holdings
Acquires Radan Group

CAD/CAM Buyout--Planit Holdings
Acquires Radan Group

Wednesday, June 11, 2003
 
Planit Holdings plc, an international company specializing in development and distribution of CAD/CAM applications, has acquired the Radan Group, a supplier of CAD/CAM software to the sheetmetal engineering industry. “The acquisition will allow us to extend our operations in the mechanical-engineering sector,” says Trevor Semadeni, Planit chief executive officer. “The integration of Radan distributors into Planit’s extensive distribution channels in Europe and the Far East also will provide an excellent base for the distribution of the group’s products.” Radan software includes the 3D sheetmetal design system, which automatically unfolds parts for downstream processing with company offerings such as Radpunch, Radprofile and RadbendCNC. The financial backing provided through the acquisition “will enable us to fund further research and development and bring new products to market faster,” says Chris Billet, U.S. general manager of sales for Radan. For more, visit www.radancim.com.

 

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