Cabnetware Acquired by ICADS USA
Lexington, KY ICADS USA, Inc., the major computer software supplier with rapidly expanding American interests, has acquired the trading assets and intellectual property rights of Cabnetware, Inc., the Sacramento, CA-based supplier of design-to-manufacture software aimed at cabinet shops and larger manufacturers, the company announced.
The aquisition, whose terms were not disclosed, was finalized early last month and significantly expands the British-based ICADS' existing holdings, which already include the Lexington, KY-based Planit-Autograph and Cabinet Vision, located in Tuscaloosa, AL.
The acquisition also makes ICADS the largest supplier of computer-aided kitchen design and manufacturing software in the world, according to the company.
"The purchase of Cabnetware, Inc. is an excellent complementary acquisition that is in line with ICADS' strategic objectives," said Trevor Semadeni, chief executive of the group. "It is our intention to invest in the company to expand it further to achieve even greater success," Semadeni added.
Cabnetware's existing management team will remain intact, and the company will continue to operate independently, according to Semadeni.