Planit Holdings Buys CAD/CAM Software Firm

Planit Holdings Buys CAD/CAM Software Firm

Charlotte, NC Planit Holdings plc, the parent company of Planit-Autograph, Cabinet Vision and CabnetWare, has acquired Licom Systems Ltd., a major British-based supplier of woodworking software, the company announced.

The acquisition, whose terms were not disclosed, was announced last month and will "further extend the company's reach" into woodworking manufacturing with Licom's "AlphaCAM" router software, the company said.

Planit was formed in 1984 to develop, market and distribute CAD and costing software solutions for the retail and contract kitchen and bath industry. The acquisitions of Cabinet Vision and CabnetWare over the past several years have extended Planit's reach into associated markets "and added significantly" to the company's market penetration and strength, corporate officials said.

The acquisition of Licom Systems Ltd., whose U.S. unit is based in Charlotte, NC, will enable Planit to enter worldwide markets including Europe and the Far East with Cabinet Vision products, by utilizing Licom's existing distribution channels, the company added.