Livingstone advised the shareholders of PDSVISION on CapMan majority investment

  • Mar 2020
  • Media & Technology
  • M&A: Sell-Side
  • Sweden

Livingstone’s Media & Technology team has advised PDSVISION on its sale to CapMan. Livingstone acted as the exclusive financial advisor to PDSVISION.

PDSVISION is a global value-added reseller (VAR) of software solutions and integrations, with a leading position in the Nordics. The Company offers software within PLM (Product Lifecycle Management), CAD (Computer-aided Design), SLM (Service Lifecycle Management) och CAE (Computer-aided Engineering), IIoT (Industrial Internet of Things) och AR (Augmented Reality) from the globally leading software developers PTC Inc. och ANSYS Inc. In addition to third party software licenses, PDSVISION also provides clients with internally developed software, consultancy services, support and training.

PDSVISION successfully initiated an international growth strategy in 2008, growing substantially to reach revenues of approximately SEK 300 million in 2019 with healthy margins. The company sought a new majority owner to accelerate growth, both organically and through add-on acquisitions.

The software solutions provided by PDSVISION are used in business-critical applications and processes, where a large number of product developing companies globally have chosen to partner with PDSVISION to deliver and support the software.

Livingstone provided valuable insight and advice throughout the process and has been key in finding the right partner for us. I am very excited to welcome CapMan Buyout onboard to work with us as we enter the next step of our journey,” says Johan Klingvall, Group CEO and owner at PDSVISION.

We are excited to complete this transaction in the current market climate. The successful completion is a clear indication of PDSVISION’s attractive business model. The need for digital workflows and processes – whether for streamlining and documenting R&D processes, sharing of information more effectively, or improving digital communication and sales – will increase in the coming years and create significant opportunities for businesses and investors,” says Thomas Karlsson, Partner at Livingstone.

PDSVISION’s dedicated and experienced management team, combined with an attractive revenue model with a significant share of recurring revenues, has been essential in successfully completing a transaction given the peculiar circumstances. Livingstone focuses strongly on this sector and we firmly believe that the ongoing consolidation will continue,” says Marcus Åström, Associate Director at Livingstone.

The sale of PDSVISION  is Livingstone’s 23rd transaction within the technology space since 2015, following the capital raise for Hoist Group and the sale of iBiz Solutions.



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