Planit group back in private hands

CAD/CAM software firm Planit, which floated on AIM in 1998, is back under private ownership following a buyback with funding from August Equity, HSBC Bank and the senior management team.

Former COO turned CEO Bryan Pryce says. “This represents a very positive move for the company and provides us with the ideal platform from which to grow and develop the business through our staff and brands. “We are now extremely well placed to capitalise on myriad opportunities offered by our Alphacam, Radan, Jobshop, Edgecam, Planit Fusion and Cabinet Making solutions throughout our global markets.”