The acquisition of Basepoint Oy strengthens Cad-Q’s position in the market and increases the delivery capacity and software development significantly to particularly the Finnish infrastructure industry. At the same time, this supports Cad-Q’s position as the Nordic region's leading supplier of IT systems for building design and infrastructure.

Both Basepoint Oy and Cad-Q’s solutions are based on Autodesk technology. The customer base and customer’s needs, particularly in relation to Building Information Modeling (BIM) in the infrastructure segment, has grown rapidly in recent years. As a result of this growth, the customer demand for suppliers with broader competence has increased substantially and this is the main motive for both parties to merge. Cad-Q and its customers will also benefit from Basepoint Oy’s in-depth software development know-how and own infrastructure product family FIKSU. The acquisition will strengthen Cad-Q's operations in Finland which after the merger will have revenue of approx. 15 MEur and employs 56 professionals.

“Strategically, this is right for the company, for our employees and for our customers. In a world where Building Information Modeling (BIM) is becoming the norm and our customers' need of good advice is growing, the access to Cad-Q with their Finnish and Nordic organization will help us progress. We are also looking forward to offering a wider range of solutions in a more cost-effective way and concentrate on software development of own product range. In this way, we will meet the growing customer needs in the market. We are looking forward to presenting and discussing this with our customers in the near future“, says Timo Väyrynen, Development manager, Chairman of the Board, Basepoint Oy.

“We at Cad-Q are very pleased to have Basepoint and their talented employees with us to build an even stronger knowledge based organization. Basepoint’s know-how of the infrastructure industry will strengthen our position and will allow us to increase our presence on this market. Furthermore, it will also give us an opportunity to contribute to our customers’ further growth. Basepoint also brings technology and own products that will strengthen Cad-Q’s position as software developer. Together with Cad-Q’s Naviate product family, Basepoints FIKSU products will strengthen our offering at the Finnish market“, says Kai Helistén, Managing director Cad-Q Finland.

For more information, please contact:
Kai Helistén, Managing director, Cad-Quality Finland Oy
Phone: +358 400 430 893
Email: kai.helisten@cad-q.fi
Timo Väyrynen, Development manager, Chairman of the Board, Basepoint Oy
Phone +358 40 540 86 06
Email: timo.vayrynen@basepoint.fi
Rolf Kjærnsli, Managing Director Cad-Q
Phone: +47 91 57 59 61
Email: rolf@cad-q.no

■■ Cad-Q companies are the Nordic region's leading supplier of systems for design and development. The offering includes the development of processes and work methodology as well as implementation and support of primarily CAD-related systems. Our customers are active in the manufacturing, building, infrastructure and facilities industry, property management and the public sector. Cad-Q companies were founded in 1989 and today employ 240 professionals in more than 20 offices in Sweden, Norway, Finland and Denmark. Cad-Q is part of Addnode Group, which is listed on the OMX Nordic List, Small Cap. Learn more at www.cad-q.com

■■ Basepoint Oy specialises in developing own map-based, infrastructure planning and maintenance systems based on Autodesk Inc.’s software products. Basepoint Oy’s own software range is known as FIKSU. The company was established in 1992 and has at present one office in Kajaani, Finland. The company's strategy is based on personnel possessing both excellent knowledge of the applications field and in-depth know-how of Autodesk’s products. Company’s customers include municipalities, cities, water stations, district heating companies, electricity companies, engineering companies and educational institutions. Learn more at www.basepoint.fi

■■ Addnode Group is the Nordic market leader in IT solutions for design, engineering and product lifecycle management. We also have a strong market position in Sweden in case management systems to the public sector, municipal engineering systems, geographical information systems and a strong offering in the web area. Addnode Group has 800 employees in the Nordic, Serbia and USA. The business is organized into four business areas and a total of 11 brands. In 2012 group net sales totaled SEK 1.365 M with an EBITA of SEK 138 M. Addnode Group's Series B share is listed on the NASDAQ OMX Nordic List, Small Cap. Learn more at www.addnodegroup.com