LEA Partners Becomes Majority Shareholder Of PROCAD
Karlsruhe, 6.8.2018 - The private equity company LEA Partners is investing in the PROCAD GmbH & Co. KG together with the management team via its LEA Mittelstandspartner Fonds. The founder and former sole shareholder Volker Wawer remains managing director.
PROCAD develops and distributes a digitization platform for Product and Document Lifecycle Management (PDM and PLM) and, with more than 650 customers, is a major provider of solutions for the digitization of SMEs in Germany and abroad. Raimund Schlotmann (photo PROCAD), who has been managing director of PROCAD since 2013 alongside Volker Wawer, has significantly contributed to the company along with other members of the management team in the course of the transaction. He explains: "Strengthened by the expertise and resources of our new majority shareholder, we can significantly advance our company in an important development phase: not only by expanding our sales and partner network, but also by investing more in our product platform."
"We have chosen our new majority shareholder very carefully. As a partner to medium-sized growth companies, LEA Partners has an excellent reputation, "says Volker Wawer (photo PROCAD). "We are extremely satisfied that we have succeeded in implementing a succession plan that will sustainably strengthen PROCAD and fit in with the culture of the company." "Volker Wawer, the management team and PROCAD employees have built up the company in an impressive manner in recent years and developed, "says Philipp Hertel of LEA Partners. "We look forward to assisting the PROCAD team in implementing its vision to provide SMB customers with the most innovative technology platform to digitize their product engineering and management processes."