SWG Joins The Race To Deliver The Most Complete Facilities Management Software After Addnode Group Acquisition
Susan Clarke
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Executive Summary
In July 2017, Sweden-headquartered software and IT services provider Addnode Group announced the acquisition of facility, property and workplace management software vendor Service Works Group (SWG) in an SEK 132 million ($16.3 million) deal. Following the acquisition, SWG will operate as its own brand within Addnode Group’s Design Management division and plans to broaden its software via integrations with other software solutions within the Addnode Group. This latest deal confirms that mergers and acquisitions across the real estate and facilities management software market are not slowing in pace. Verdantix finds that this latest acquisition fuels the race to provide a complete software for facilities management and ramps up pressure on computer aided facilities management (CAFM) and integrated workplace management system (IWMS) vendors without strong organizational resources or funding.Addnode Group Will Provide SWG With Greater Geographic Reach And Opportunity To Broaden Its Software Platform
Latest Deal Continues To Put Pressure On Real Estate And Facilities Software Vendors Offering Point Solutions
About the Author
Susan Clarke
Research Director
Susan leads the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace managem...
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