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Axxerion Boosts Its Competitive Positioning In The Facilities Software Market As It Merges With Plandatis

On September 1, 2018, integrated workplace management system (IWMS) provider Axxerion announced that it will merge with Netherlands-based maintenance software vendor Plandatis. The deal comes as private equity firm Main Capital, which owns a majority stake in Axxerion, acquired Plandatis to bolster the scale of Axxerion. The transaction will triple Axxerion’s customer base to create a facilities software provider with over 100 employees and 1,500 clients concentrated in Northern Europe. The deal will provide Axxerion with some additional maintenance management functionality. But the commercial opportunities lie in upgrading the large Plandatis customer base to the broader Axxerion solution tapping into the trend for firms to centralise multiple real estate and facilities processes on a single platform.

In 2018 there has already been a lot of consolidation in the German-Benelux facilities management software market. In February, Planon acquired CAFM vendor conjectFM headquartered in Duisburg to bolster its presence in Germany and solution set for the mid-market. While in August, Antwerp-headquartered MCS Solutions became part of the larger Nemetschek Group. Axxerion’s tie-up with Plandatis will help it to respond to activities by local IWMS competitors to rapidly grow their resources and customer bases.

What are the next strategic options for Axxerion to continue its push for growth? There many more local acquisition opportunities for Axxerion to consider as the market for facilities software remains very fragmented. There are at least 50 CAFM-like vendors in the German-Benelux region, including firms such as eTASK, FaMe, GEBman, IMSWARE, KeyLogic, sMOTIVE and speedikon FM. Once the local market becomes more consolidated, Verdantix expects Axxerion will push for further international expansion. Some of the more mature Europe-headquartered IWMS vendors are already expanding into North America as they look for more growth.

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