Planit Holdings Limited Divests Retail Division to Focus on Global Manufacturing

Ashford, UK – February 5, 2008: The leading CAD/CAM software provider Planit has agreed to the sale of its Fusion retail business to 20-20 Technologies Inc. The decision for the divestment is in line with Planit’s strategy to focus on its core activities and to become the global market leader in the provision of CAD/CAM solutions to manufacturing industry worldwide. The deal is worth approximately US$38 million (£19 million) excluding related transaction costs.

Bryan Pryce, CEO Planit Holdings Limited commented; “Planit is already a very strong player within the CAD/CAM sector of manufacturing industry and we will continue to grow our brands in markets across the globe. Therefore, reflecting on this strategy and the commercial sense that the 20-20 deal represents, I believe we are now extremely well positioned to take full advantage of the opportunities that our world-class software solutions present”.

The company’s Alphacam, Cabinet Vision, Cabnetware, Edgecam, Jobshop and Radan solutions are best-in-class within their respective markets, providing customers with products and services to improve the productivity of their machine tools, shorten design and manufacturing time, optimise material usage, and deliver high quality goods and services to their customers.

Planit is the world’s largest supplier of design and manufacturing software for the engineering, woodworking and stone-cutting industries, with more than 85,000 industrial seats installed at thousands of customer sites around the globe.

 
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About Planit Holdings Limited

Planit serves customers throughout the world with design and manufacturing software solutions (CAD/CAM) for metalworking, woodworking and stone-cutting industries. It is the world’s largest supplier with more than 85,000 industrial seats installed at thousands of customer sites around the world.

The company provides its customers with products and services that enable them to improve the productivity of their machine tools, shorten design and manufacturing time, optimise material usage and deliver high quality goods and services to their customers. Leading Planit brands are Alphacam, Cabinet Vision, Cabnetware, Edgecam, Jobshop and Radan.

About 20-20 Technologies Inc

20-20 Technologies is the world's leading provider of computer-aided design, business and manufacturing software solutions tailored for the interior design and furniture industries. Dealers and retailers use its desktop and web-based products and solutions for the residential and commercial markets. 20-20 offers a unique proprietary end to end solution, integrating the entire breadth of functions in interior design through one platform. It provides a bridge between data communication from a point-of-sale to manufacturing and world-leading enterprise resource planning (ERP) systems, including computer-aided engineering and plant floor automation software. Operating in 13 countries with more than 500 employees, 20-20 is a publicly traded company (TWT) on the Toronto Stock Exchange (TSX). For more information, visit www.2020Technologies.com.
 

Planit PR contact information

Americas

Paul Losavio
Phone  : +1 (0) 205 556 9199 x5207
Email  : paul.losavio@planitsolutions.com

Europe and Rest of World

Carlijn Adema
Phone  : +44 (0) 1225 721335 x585
Email  : carlijnadema@planit.com

Planit Holdings Limited
Inca House
Eureka Science Park
Ashford
Kent
TN25 4AB
United Kingdom

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