DriveWorks: innovation-driven acquisition

Our M&A and private equity team has successfully advised UK-based software developer DriveWorks Group Limited on its sale to global technology company Bechtle AG.

The client

Founded in 2001, DriveWorks develops innovative Design Automation, Configure, Price, Quote (CPQ) and 3D Product Configurator software solutions to support companies with product customisation and configuration. Based in Thelwall, Cheshire, DriveWorks is a SOLIDWORKS Gold Partner that has maintained an impressive growth trajectory, evolving into a global software provider with customers in over 50 countries as of 2024.

Bechtle AG, founded in Germany in 1983, is one of Europe’s leading IT providers, with a presence across 14 countries. The company provides digital transformation services to businesses in industrial, trade, financial, and public sectors. As an established technology provider, Bechtle recognised the strength of DriveWorks’ offering and the strategic opportunity to enhance its software portfolio and UK presence. This move supports DriveWorks’ ambition for sustainable future growth and the opportunity to benefit from new synergies.

Our solution

Our M&A deal team, with specialist support from data analytics and due diligence, advised DriveWorks on its sale, undertaking an extensive marketing process, negotiating key terms and project managing the transaction through to completion.

Transaction team: James Wild, Clare Martin, Alyssia Kaczmarczyk, Hallam Wilson and Declan McKenna.

Testimonial

“RSM’s understanding, knowledge, skill and dedication to the process were invaluable in securing a great home for the next stage in DriveWorks’ growth story.”

Maria Sarkar, Vice President and Co-Founder
DriveWorks