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€6bn tech group snaps up DriveWorks as BGF exits

Summary by BusinessCloud.co.uk
DriveWorks has been acquired by a €6 billion technology group, marking the exit of BGF. Based in Thelwall, Cheshire, it provides design automation and 3D sales product configuration software to manufacturing and engineering companies.  The business has been acquired by Bechtle AG, headquartered in Neckarsulm, Germany. The exit has generated a money multiple of 2.7x and an IRR of 32% for BGF. BGF originally invested £4 million in DriveWorks in F…
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Warrington, EnglandWarrington, England
NeckarsulmNeckarsulm

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