Our team has provided tax advice to the owners of Opentree on their sale of the company to Graitec. Opentree is a well-established U.K based company that provides EDM solutions for the management of the entire document lifecycle of projects, and conforms to BIM standards and BS1192 workflows.
One of our tax partners, Neil Sengupta, provided tax advice to both Opentree and its shareholders during the disposal process. Neil comments, “We are delighted to have been able to support Andrew and his team at Opentree throughout the transaction, which has been a great success for all concerned.”
Andrew Frank, Opentree Managing Director comments: “By joining Opentree and Graitec, our customers will further benefit from being owned by a company with a long history in design and collaboration, who have the skills and expertise to push Opentree even further into the market of W.I.P management. We see this a key strategy for all customers to manage this process better than they do today.”
Francis Guillemard, Graitec President comments: “Our solutions in the BIM arena provide many ‘000,000’s of models, documents and ancillary information. This acquisition will be pivotal in helping our customers with the day-to-day management of their project documentation from initial conception and tender, through to project delivery!”