Karlsruhe, Germany, November 17, 2021 – German technology investor LEA Partners (“LEA”) today announced that it has agreed on the sale of PROCAD Group (“PROCAD”), a leading software vendor for the digitalization of product lifecycle management, to Revalize, the worldwide leader in sector-specific revenue operations software for manufacturers, their distributors and their specifiers. Revalize is backed by TA Associates and Hg. The terms of the transaction were not disclosed. The transaction is expected to close later this year, following competition approval.
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