Cutting Edge Solutions has acquired Majenta PLM to create the largest value-added reseller of Siemens computer-aided design and product lifecycle management software in the UK. BGF has provided a growth capital investment to support the acquisition and future growth strategy of the business.
Based in Witney in Oxfordshire and formed in 1997, Cutting Edge Solutions is one of the longest serving Siemens PLM resellers worldwide, whilst Majenta PLM, based in Cranfield in Bedfordshire, is the UK’s largest. Both companies work with clients across a range of industries including automotive, aerospace, electronics, consumer and pharmaceuticals to improve design and production quality, flexibility and efficiency.
Working together, Cutting Edge and Majenta PLM will pool resources and expertise to provide customers with access to the broad suite of Siemens’ design software, enabling them to take advantage of the latest developments and expertise in digitalised technology. The companies have thousands of customers throughout the UK.
Following the acquisition, Majenta PLM’s Mark Parry will take on the role as Managing Director of the combined group, while Cutting Edge’s Allan Blackwell will take on the role of Chief Executive. Following an introduction by BGF, the group has also appointed David Harland, a former operating partner at Lyceum Capital with more than 40 years’ experience working with public and private businesses.
Allan Blackwell said: “We have contemplated the value of this merger for shareholders, staff and customers in equal measure. Both businesses share a common goal to provide first class services. Bringing the two together will allow us to capitalise on the growth potential of the ever-expanding Siemens product portfolio.
“The acquisition presented an opportunity to add significant scale. Our long term advisor Harry Cobb from Mirada Corporate Partners introduced BGF, who were able to move quickly to support our ambitions. We are pleased to have them on board as our new long-term partner.”
Alex Snodgrass, an investor at BGF who joins the board of Cutting Edge said: “Cutting Edge and Majenta PLM operate in a highly specialised field, and have developed first class reputations for innovation, professionalism and expertise. We believe this will be the first step in an exciting journey for the combined company and we are delighted to be supporting Allan, Mark and the wider team.”
The deal was led for BGF by Alex Snodgrass and Jack Teasdale.
Harry Cobb from Mirada Corporate Partners initiated the transactions and led the negotiations on behalf of Cutting Edge Solutions.