In this Research Note, we examine the Manage segment of Nemetschek, which provides software for the management and operations phase in the building lifecycle.  It is based on the 2021 annual results, investor presentations, and report of the parent company published on 22nd March 2022 and the group’s M&A 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 digitizing the building industry, through its portfolio of independent brands, including Allplan, Bluebeam, dRofus, GraphiSoft, Nevaris, Vectorworks and Solibri focused on Building Information Management (BIM).  Listed since 1999 and quoted on the Frankfurt Stock Exchange, the Munich-based company generated revenues of €681.5 million in 2021. Nemetschek Group strengthened its portfolio in the building operations management market in 2018, addressing a new customer group and extending its target markets beyond Design and Construction. The Manage segment had previously consisted of Crem Solutions, a German […]