Growth for GRAITEC Group During 2017 with Expansion Throughout Russia

Southampton, United Kingdom, February 15, 2017 --(PR.com)-- GRAITEC, an international BIM and CAD software developer for AEC, and Autodesk® Platinum Partner in US and across Europe, is delighted to announce the acquisition of the Russian engineering and consulting company PSS. This will significantly enhance the GRAITEC Group worldwide portfolio and its focus on developing software for streamlining BIM workflows.

Founded in 1994, PSS is based in Saint Petersburg with 43 employees and three regional offices throughout Russia: Tula, Krasnodar and Novosibirsk. PSS specialises in implementation and expert technical support for BIM solutions in the design and construction, has over twenty years' experience of PDM implementation in the AEC Industry and is also an Autodesk Silver Value Added Reseller (VAR).

GRAITEC was already operating in Russia since 2009 through its subsidiary "GRAITEC Russia" with a focus on the Steel Industry market segment, especially by selling and servicing the Autodesk Advance Steel Product. As of December 2016, GRAITEC has purchased PSS to reinforce its position on the BIM market and contribute to its considerable growth throughout the VAR network and CIS market covering Russia. This move will provide significant benefits to PSS customers with the GRAITEC product line, most specifically the GRAITEC PowerPack for Revit – a range of unique commands and functionalities designed to improve productivity when working with Autodesk® Revit®, exclusively available from GRAITEC.

GRAITEC has acquired 100% of PSS shares on December 29th 2016. The price of the acquisition has not been disclosed. For the time being, PSS will continue to operate under the PSS brand, maintaining its working principles for clients and partners.

Alexey Kukin, PSS CEO comments: "We are very excited about becoming part of an international group who share PSS's projected vision about BIM. Through GRAITEC, PSS will become part of one of the top 5 Autodesk resellers in the world and will also benefit from access to a completely new product portfolio, previously unavailable to our customers. These new developments will provide an immediate benefit to all PSS customers, especially when the importance of the information modelling has been evaluated at the state level."

Francis Guillemard, GRAITEC CEO adds: "These acquisitions reflect a very positive start to 2017, reinforcing the GRAITEC strategy to become a global leading BIM provider and delivering real benefits to customers and accelerating BIM adoption around the world. Complementing the existing GRAITEC offices in Eastern Europe, the purchase of PSS and its regional offices, will significantly strengthen GRAITEC's position in Russia and CIS countries."