EQUA Simulation has been acquired by Glodon Company Limited

The private shareholders of EQUA Simulation AB have sold the company to Glodon Company Limited through its Finnish subsidiary MagiCAD.

EQUA Simulation, with roots dating back to 2001, is a global leader in simulation software. With offices in Stockholm and Gothenburg in Sweden, Espoo, Finland, and Zug, Switzerland, the company provides building performance simulation (BPS) and tunnel simulation tools to leading consulting firms and manufacturers. Over the past years, EQUA has evolved into a simulation software pioneer known for its expertise, high-quality standards and leading-edge technology development. Today, the company is in a very good position to benefit from an increasing demand for high-performance and energy-efficient buildings, fueled by stricter rules and legislation and increased ESG awareness. Headquartered in Stockholm, EQUA Simulation is expected to generate revenues of approximately US$6 million in 2022/23 with an EBITA of approximately US$1.5 million.

Established in 1998, Glodon Company Limited was listed on the A-share market in May 2010 in China, being the first listed company in the field of construction engineering informatization in the country. Based on the construction industry in the long run, Glodon provides more than 100 terminal+cloud+big data-based products and services, industry big data, industry new finance, and other value-added services as the provider of a digital building platform, which focuses on the entire life cycle of construction projects, with the professional applications of construction engineering as the core support. With over 8,000, Glodon has established more than 80 branches around the world, providing services to customers in over 100 countries and regions.

Oaklins’ team in Sweden acted as financial advisor to the owners and management of EQUA Simulation AB in this transaction. Oaklins’ approach, with solid preparatory work coupled with its expertise in the TMT sector, ensured a well-executed process. Oaklins’ team in the Netherlands provided support and essential intelligence.