In this Research Note, we examine Spacewell, part of the Manage segment of Nemetschek, which provides software for the management and operations phase in the building lifecycle. This article is based on Nemetschek 2024 annual results, investor presentations and Annual Report, published on 20th March 2025.  We also highlight the appointment of a new CEO, and our view of their position in the overall smart buildings market. We previously covered Spacewell in April 2024. Nemetschek SE Founded in 1963 by Prof. Georg Nemetschek, the group is a global provider of digital software solutions for all phases and disciplines of the building and infrastructure project life cycle (i.e., the AEC/O industry – Architecture, Engineering, Construction, and Operation). As a strategic holding company, Nemetschek SE is headquartered in Munich, Germany, and carries out its operating activities through four segments with a total of 12 brands. The group’s Manage segment has two brands, Spacewell, headquartered in Antwerp, Belgium […]