on PRODWAYS (EPA:PWG)
Prodways Group to Sell Software Business to Focus on Core Activities
Prodways Group has signed an agreement to sell its Software business, driven by subsidiary AvenAo, a specialist in 3D design software distribution and integration. This move aligns with Prodways' 2025 strategy to divest from the Systems division. Upon transaction approval, the company plans to distribute a significant portion of the proceeds to shareholders, with details forthcoming.
AvenAo, a leading French distributor of Dassault Systèmes' solutions, added €13.5 million in revenue and €3.9 million in EBITDA to Prodways in 2025. The sale is valued at €35 million, surpassing Prodways' market capitalization at the latest closing price.
The transaction awaits certain approvals, including that of a strategic partner and the Prodways shareholders' meeting. Completion is expected in the coming months, with buyer details confidential. The Board will finalize the redistribution terms of the sale proceeds soon.
R. E.
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