Leading commercial law firm Hill Dickinson has advised co-founders Glen Smith and Maria Sarkar, BGF and the other shareholders of DriveWorks, a software developer and automation specialist, on its sale to global technology group Bechtle AG.
DriveWorks is a Cheshire-based tech company providing software that delivers 3D visualisation, CAD automation, workflow and integration capabilities to the manufacturing and engineering sector.
Hill Dickinson’s corporate team advised the shareholders of DriveWorks on the deal, led by partner David Mkhitarian, with senior associate Graeme Anderson, associates James McCarthy and Daniel McDonagh and paralegal Abi Hill.
We’re delighted to have completed on this deal, which represents a positive outcome for all parties. We look forward to seeing the growth the new relationship between DriveWorks and Bechtle brings, at a time where demands for advanced technology and innovation are rapidly growing.David Mkhitarian
Partner
David commented: “We’re delighted to have completed on this deal, which represents a positive outcome for all parties. We look forward to seeing the growth the new relationship between DriveWorks and Bechtle brings, at a time where demands for advanced technology and innovation are rapidly growing.”
Maria Sarkar, vice president and co-founder of DriveWorks, said: “We share the same drive, passion and commitment to delivering exceptional technology to manufacturers worldwide, while valuing the people who make it all possible”.
“The demand for design automation, 3D visualisation, product configuration, and CPQ solutions is growing rapidly. Together with Bechtle, we will extend the benefits of DriveWorks technology to further support our customers’ success,” Sarkar added.
Under Bechtle, DriveWorks will run as an independent operation, exclusively serving its Solidworks software resellers in 54 countries.
DriveWorks’ co-founders, Maria Sarkar and Glen Smith, will remain with the firm but hand over the management of day-to-day operations to the current commercial director Mark Sarkar and chief technology officer Philip Stears.