Deerfield, IL —Friedman Corporation(“Friedman”), a wholly-owned subsidiary of Constellation Software(TSX:CSU, “Constellation”), announced that it has completed the purchase of Albat+Wirsam Software GmbH(“A+W”). The agreement to purchase A+W was subject to customary closing conditions including a competition review by the German Federal Cartel Office, all of which have now been completed.
A+W is the global market leader in software for the flat glass industry. Headquartered in Linden (Rhine-Main area), Germany, A+W develops and markets ERP, production planning and scheduling, and optimization software solutions for the glass, window, door, and curtain-wall industries.
As a result of the purchase, the A+W business will become part of Constellation's Friedman Operating Group. A+W will operate as an independent division of Friedman, and will continue to develop, enhance, and market their flat glass and fenestration industry software solutions world-wide.
Mark Thompson, Chief Executive Officer of the Friedman Operating Group, commented "The acquisition of Albat+Wirsam complements the Friedman Operating Group's markets and product portfolio. The A+W product offering will enable us to further grow our already-strong presence in the glass, fenestration, and building-products industries."
About Friedman Corporation
Friedman Corporation is headquartered in Deerfield, IL and is a wholly-owned subsidiary of Constellation Software. Friedman Corporation specializes in complete ERP solutions for manufacturers and distributors of "make to order" and "engineer to order" products in the building products, capital equipment, and automotive sectors. The Friedman Operating group also has a complementary portfolio of software offerings for transportation management, material optimization, supply-chain management, multi-channel merchant and direct-to-consumer distribution.
About Constellation Software
Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. Constellation acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries.