Cadtek Systems Ltd
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Cadtek Systems Ltd - overview
Established
1998
Location
-, -, UK
Primary Industry
Software
About
Cadtek Systems Ltd provides engineering and design solutions, primarily around the Dassault Systèmes portfolio. The company enhances product design, simulation, and lifecycle management for clients in various industries. Cadtek Systems Ltd, founded in 1998 and headquartered in the UK, specializes in delivering engineering software solutions. In March 2016, Solid Solutions Management, a portfolio company of Business Growth Fund, acquired Cadtek.
The company has one significant deal recorded. The founder's history is not detailed publicly. Cadtek, now operating under the Solid Solutions brand as part of the TriMech Group, specializes in a comprehensive suite of engineering and design solutions focused on the Dassault Systèmes portfolio. Their core offerings include advanced software solutions such as SOLIDWORKS, the 3DEXPERIENCE platform, CATIA, ENOVIA, and SIMULIA.
These products are designed to enhance the workflows of designers and engineers, addressing challenges in product design, simulation, and lifecycle management. Clients include manufacturing firms, design consultancies, and engineering teams across various sectors like automotive, aerospace, and consumer goods, with deployments in the UK, Ireland, and other regions where advanced manufacturing is essential. In the most recent year, Cadtek Systems Ltd reported revenue of USD 123. 14 mn and an EBITDA of USD 26.
55 mn. Their revenue model is built on B2B transactions involving direct sales and subscription-based services, with pricing structures accommodating diverse business needs through licensing agreements and ongoing support services. Currently, no specific upcoming products or geographic expansions have been detailed. However, the company continues to leverage recent funding from the acquisition in March 2016 to enhance its operational capabilities and possibly pursue new market opportunities.
The strategic focus remains on solidifying client relationships and expanding service offerings.
Current Investors
Solid Solutions Management Limited
Primary Industry
Software
Sub Industries
Engineering Software
Website
www.cadtek.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Cadtek Systems Ltd - timeline of key events
Cadtek Systems Ltd - financials
| Fiscal Year Ended | Mar 31, 2017 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 8,466,142 | 7,109,580 | 5,478,826 | 85,938 | 50,662 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (98.4%) | (41.0%) | - | - | - |
| EBITDA (USD) | 972,096 | 1,392,357 | 2,185,823 | 17,670 | (32,216) | - | - | - |
| Operating Income (USD) | 919,759 | 1,344,998 | 2,128,825 | (2,495) | (32,797) | - | - | - |
| Operating Margin | 10.9% | 18.9% | 38.9% | (2.9%) | (64.7%) | - | - | - |
| % EBITDA Margin | 11.5% | 19.6% | 39.9% | 20.6% | (63.6%) | - | - | - |
| NET Income (USD) | 737,972 | 1,090,870 | 1,802,539 | (732) | (32,387) | - | - | - |
| % Net Margin | 8.7% | 15.3% | 32.9% | (0.9%) | (63.9%) | - | - | - |
Cadtek Systems Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Cadtek Systems Ltd | - |
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Cadtek Systems Ltd - employee data
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