Clearwater has advised Econocap, a leading Danish specialist within PTC software on the sale to the Belgian company 9altitudes, a leading trusted adviser for digital implementation processes, backed by the international private equity firm Waterland.
Econocap sells, supports, and implements PLM, industrial IoT, augmented reality and CAD software from PTC. The company serves a wide range of more than 250 loyal customers within the industrial sector in Denmark and Sweden providing counselling from two main offices in Denmark. In the last 10 years, Econocap has shown remarkable growth driven by strong technical capabilities amongst their employees.
9altitudes automates business processes and delivers extra added value thanks to its clear industry knowledge and unique methodology. The business serves as a trusted adviser for digital implementation processes, digital transformation challenges and digital innovation initiatives.
Denmark is a growth market for 9altitudes and the collaboration with Econocap fits the group's strategy perfectly. The 9altitudes group stands for solid industry knowledge with a clear emphasis on manufacturing, and the acquisition strengthens the PTC offering in Europe. The transaction provides both parties the possibility to pursue growth and position in the market, exploiting maximum digital added value created by means of mutual cross-fertilisation.
