Smart Buildings

Spacewell Smart Buildings Business & Financials 2023 Examined

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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 their 2023 annual results, investor presentations, Annual Report of the parent company, published on 21st March 2024 and the group’s strategy in the smart buildings space. The Nemetschek Group, the No 1 Architecture, Engineering and Construction (AEC) software provider in Europe and one of the top three global AEC software vendors, is driving the digitalization of the building industry, through its portfolio of brands, including Allplan, Bluebeam, dRofus, GraphiSoft, Nevaris, Vectorworks and Solibri focused on BIM. Listed since 1999 and quoted on the Frankfurt Stock Exchange, the Munich-based company generated revenues of €851.6 million in 2023, an increase of 6.2% compared with the previous year. The Manage segment has two brands, Spacewell and Crem Solutions, which offer software solutions across all commercial processes […]

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