PALLAS CAPITAL Corporate Solutions advises the sale of the Network Dimensions Group to the SYSTABUILD Software Group (Bregal Unternehmerkapital)
PALLAS CAPITAL Corporate Solutions GmbH exclusively advised the shareholders of the Network Dimensions Group—Network Dimensions Entwicklungs- und Vertriebs GmbH and ND Projects GmbH— in the sale process of a majority stake to SYSTABUILD Software Group GmbH.
Network Dimensions
Network Dimensions is a specialized provider of comprehensive ERP solutions for the construction and related industries in the DACH region and has been established in the market for over 25 years. The group was founded by Günther Schwaiger, founder and managing director, together with Florian Thurner, managing director of ND Projects. At the heart of the business is the company’s proprietary, fully integrated construction ERP solution, MEGABAU, based on Microsoft Dynamics 365 Business Central, which, with over 50 modules, covers more than 60 sub-sectors, including building construction, civil engineering, timber construction, HVAC, and electrical engineering. Unlike generic providers, Network Dimensions delivers industry-specific software and comprehensive consulting services from a single source and boasts a broad and long-standing customer base in Austria, Germany, and Switzerland. The group comprises Network Dimensions Entwicklungs- und Vertriebs GmbH, headquartered in Vienna, which is primarily responsible for the product and the further development of MEGABAU, as well as ND Projects GmbH, based in Villach, which handles consulting, implementation, and support. Together, the companies employ approximately 20 people.
The Deal
With this transaction, Günther Schwaiger secures his long-term succession plan while simultaneously placing Network Dimensions’ growth trajectory on a broader footing. PALLAS CAPITAL Corporate Solutions was mandated by the shareholders to identify the right partner for this next phase of development and to support the sale process at every stage. Through a structured process, the SYSTABUILD Software Group, part of Bregal Unternehmerkapital AG, was identified as the ideal partner. SYSTABUILD has acquired a majority stake in Network Dimensions Entwicklungs- und Vertriebs GmbH and ND Projects GmbH, while Florian Thurner remains on board as a shareholder of Network Dimensions through a reinvestment and will play a leading role in guiding the next steps growth steps within the partnership. At the same time, Florian Thurner will join the management board of the Vienna-based parent company, Network Dimensions, in addition to his existing responsibilities at ND Projects. Network Dimensions will continue to operate as an independent unit within the SYSTABUILD Software Group. As part of the group, the companies will gain access to resources for international expansion, the expansion of the product portfolio, and expertise in further developing the subscription-based SaaS model.
Günther Schwaiger and Florian Thurner: “We look forward to shaping the next stages of growth together with SYSTABUILD. PALLAS CAPITAL provided reliable and competent support throughout the entire process. We thank the team for their excellent collaboration.”
SYSTABUILD Software Group
The SYSTABUILD Software Group (formerly BuildTec Software Group) is a leading pan-European platform for software solutions in the construction and trades sectors. Headquartered in Wildpoldsried, Germany, with additional locations across Europe, SYSTABUILD serves more than 22,000 customers with a team of over 450 employees. With the acquisition of Network Dimensions, SYSTABUILD is expanding its platform to include a leading Austrian construction ERP solution and strengthening its position in the DACH market.
Bregal Unternehmerkapital
Bregal manages approximately 18 billion euros in equity worldwide. In German-speaking countries, BU invests from a fund totaling over 2.7 billion euros. BU pursues a long-term, value-based investment approach and supports its portfolio companies as an entrepreneurial partner, including in areas such as organic growth, international expansion, and add-on acquisitions.
Transaction Team
On behalf of PALLAS CAPITAL, the transaction was managed by Hans Lassen and Maximilian Baar-Baarenfels (Managing Partner), Hanna Spolwind (Associate), Christian Wolff (Senior Analyst), and Simon Kunz (Senior Analyst). Schindler Attorneys, with Florian Cvak, provided legal counsel to the sellers.
