February 1, 2008—20-20 Technologies Inc., a world leader in 3D interior design and furniture manufacturing software, has announced an agreement has been signed and approved by 20-20 Technologies to acquire the Planit Fusion business from Planit Holdings Limited for an equivalent cash consideration of approximately US$38 million (19 million) excluding related transaction costs.
Planit Fusion, the retail design business of the United Kingdom-based Planit Holdings Limited, offers interior design programs that combine design features with sales management tools to provide total support for businesses, including kitchens, baths and bedrooms.
Targeted for dealers, designers, retailers, homebuilders and remodelers, the Fusion products provide high quality graphical presentations and integrated front-end and ordering systems. The Fusion software is a welcome addition to 20-20’s already extensive product portfolio and 20-20 says it intends to maximize the benefit of this newly acquired asset.
For more information, see the 20-20 Web site.
