Clearwater advises the shareholders of KEONYS on the sale of the company to CENIT

Clearwater has advised the shareholders of KEONYS on the sale of the company to CENIT. For more than 20 years KEONYS in Paris has grown to become the leading VAR (Value Added Reseller) of Dassault Systèmes PLM (Product Lifecycle Management) and 3D design software and related services in France. In the last 10 years the company has also expanded into Belgium, the Netherlands and Germany. With about 160 employees and more than 1500 clients the company had sales of about €56m in 2016. Since its establishment in 1988, CENIT is a financially independent IT software and consulting firm for business processes in the manufacturing industry and for financial service providers with Product Lifecycle Management (PLM) and Enterprise Information Management (EIM) software and services. It is the leading German VAR for Dassault Systèmes PLM and 3D design software, focusing on the automotive, engineering, and aerospace sectors. It is represented around the world at 17 locations, in six countries, on three continents with 615 employees. The company headquartered in Stuttgart is listed in the Prime Standard of the German Stock Exchange and had sales of about €124m in 2016. The acquisition of KEONYS by CENIT creates the world N°1 VAR of Dassault Systèmes PLM and 3D collaborative design software and related services.