Code & Co.

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Engagement — Add-on Due Diligence

Code & Co. provides Tech & Product Due Diligence to SEMA Group in advance of its acquisition of Compass Software GmbH

The building industry is facing fundamental changes and challenges in the areas of digitalization and process coordination. With SEMA Group and Compass both already contributing considerably to BIM coordination processes, this acquisition will help enable customers to achieve significant increases in productivity and improvements in cost and schedule adherence across the industry.

SEMA Group’s acquisition of Compass represents a strategic portfolio expansion, one which is expected to further advance SEMA’s strategic goal of offering a platform for industrialized timber construction by bundling innovative power to offer customers a unique user experience and consistent workflows. The acquisition will allow customers to integrate other trades into their daily business using highly innovative solutions from SEMA’s portfolio.

SEMA Group and Compass Software GmbH share the same long-term goals and by working together they will be able to provide high innovation and sophisticated technologies to customers. The combined innovative power of their development teams will amount to more added value for customers and will also help support the industry overall on its path towards digitalization.  

Scope of Work

Code & Co. provided Tech & Product Due Diligence to SEMA Group ahead of its investment in Compass Software GmbH. The due diligence process involved assessing Compass’ product offerings, technology stack, and architecture as well as the company’s engineering team, software development life cycle, and roadmap for product expansion.

About SEMA Group

With its brands SEMA and WGsystem, the SEMA group is the world's leading software provider in the fields of timber construction, stair design and sheet metal work. The software solutions are available in 11 languages and have been successfully used by more than 10,000 customers in 62 countries for over 38 years. With SEMA, craft-oriented carpenters, joiners, joinery centres and the prefabricated house industry have an integrated solution for the planning, calculation and construction of wooden buildings, stairs and roofing as well as sheet metal in 2D or 3D. In order to continuously expand its market position and to always offer customers innovative solutions, the group invests an average of 15 % of its turnover each year in the further development of solutions at its location in the Allgäu region.

 About Compass

Compass Software GmbH, founded over 30 years ago and headquartered in Dortmund, Germany, supports several thousand customers in over 30 markets worldwide with planning tools, connections to CNC machines from numerous machine manufacturers, and MES systems for workshop organization on stair design, timber, and window construction related topics. Compass Software is dedicated to optimizing production-critical workflows and providing the right solution for the customer. This not only includes relying on the latest VR technologies, but also involves a fully integrated manufacturing process through the MES solution PROKON.

About Code & Co.

Code & Co. is an independent advisory firm that specializes in providing modern, actionable Tech & Product Due Diligence for the global alternative investment industry. Our expertise uncovers risks that threaten asset value and opportunities to accelerate growth.