diff --git a/homcc/client/__init__.py b/homcc/client/__init__.py
index e69de29..e9d29fb 100644
--- a/homcc/client/__init__.py
+++ b/homcc/client/__init__.py
@@ -0,0 +1,3 @@
+"""HOMCC client: homcc"""
+
+__version__: str = "0.0.2"
diff --git a/homcc/client/parsing.py b/homcc/client/parsing.py
index 0e1f025..fbcfbb6 100644
--- a/homcc/client/parsing.py
+++ b/homcc/client/parsing.py
@@ -13,6 +13,7 @@
 from pathlib import Path
 from typing import Any, Dict, List, Optional, Tuple, Union
 
+from homcc import client
 from homcc.common.arguments import Arguments
 from homcc.common.compression import Compression
 from configparser import ConfigParser, Error, SectionProxy
@@ -59,7 +60,7 @@ class ShowVersion(ShowAndExitAction):
     """show version and exit"""
 
     def __call__(self, *_):
-        print("homcc 0.0.1")
+        print(f"homcc {client.__version__}")
         sys.exit(os.EX_OK)
 
 
diff --git a/homcc/server/__init__.py b/homcc/server/__init__.py
index e69de29..1e88986 100644
--- a/homcc/server/__init__.py
+++ b/homcc/server/__init__.py
@@ -0,0 +1,3 @@
+"""HOMCC server: homccd"""
+
+__version__: str = "0.0.2"
diff --git a/homcc/server/parsing.py b/homcc/server/parsing.py
index 418cdf7..296a69c 100644
--- a/homcc/server/parsing.py
+++ b/homcc/server/parsing.py
@@ -11,6 +11,7 @@
 from pathlib import Path
 from typing import Any, Dict, List, Optional, Union
 
+from homcc import server
 from homcc.common.logging import LogLevel
 from homcc.common.parsing import HOMCC_CONFIG_FILENAME, default_locations, parse_configs
 from homcc.server.server import TCPServer
@@ -30,7 +31,7 @@ def __init__(self, **kwargs):
         super().__init__(nargs=0, help=self.__doc__, **kwargs)
 
     def __call__(self, *_):
-        print("homccd 0.0.1")
+        print(f"homccd {server.__version__}")
         sys.exit(os.EX_OK)
 
 
diff --git a/setup_client.py b/setup_client.py
index 1c36f4c..eef8c36 100644
--- a/setup_client.py
+++ b/setup_client.py
@@ -1,10 +1,11 @@
 """Setuptools for the homcc client - homcc."""
+from homcc import client
 from setuptools import setup
 
 if __name__ == "__main__":
     setup(
         name="homcc",
-        version="0.0.1",
+        version=client.__version__,
         description=("Home-Office friendly distcc replacement - Client"),
         license="GPL-3.0",
         url="https://github.com/celonis/homcc",
diff --git a/setup_server.py b/setup_server.py
index 41c51e0..f796854 100644
--- a/setup_server.py
+++ b/setup_server.py
@@ -1,10 +1,11 @@
 """Setuptools for the homcc server - homccd."""
+from homcc import server
 from setuptools import setup
 
 if __name__ == "__main__":
     setup(
         name="homccd",
-        version="0.0.1",
+        version=server.__version__,
         description=("Home-Office friendly distcc replacement - Server"),
         license="GPL-3.0",
         url="https://github.com/celonis/homcc",
diff --git a/tests/client/parsing_test.py b/tests/client/parsing_test.py
index 05c8543..9c3f2c8 100644
--- a/tests/client/parsing_test.py
+++ b/tests/client/parsing_test.py
@@ -9,6 +9,7 @@
 from pytest_mock.plugin import MockerFixture
 from typing import List
 
+from homcc import client
 from homcc.common.errors import HostParsingError
 from homcc.client.parsing import (
     HOMCC_HOSTS_ENV_VAR,
@@ -43,7 +44,7 @@ def test_version(self, capfd: CaptureFixture):
 
         assert sys_exit.value.code == os.EX_OK
         assert not cap.err
-        assert "homcc 0.0.1" in cap.out
+        assert f"homcc {client.__version__}" in cap.out
 
     def test_show_hosts(self, capfd: CaptureFixture):
         with pytest.raises(SystemExit) as sys_exit:
diff --git a/tests/server/parsing_test.py b/tests/server/parsing_test.py
index 8b4f79c..525746f 100644
--- a/tests/server/parsing_test.py
+++ b/tests/server/parsing_test.py
@@ -1,11 +1,18 @@
 """ Tests for client/compilation.py"""
+import pytest
+
+import os
+
 from pathlib import Path
 from typing import List
+from pytest import CaptureFixture
 
+from homcc import server
 from homcc.common.parsing import HOMCC_CONFIG_FILENAME
 from homcc.server.parsing import (
     SCHROOT_CONF_FILENAME,
     ServerConfig,
+    parse_cli_args,
     parse_config,
     load_schroot_profiles,
 )
@@ -36,6 +43,16 @@ class TestParsingConfig:
         "verbose=FALSE",
     ]
 
+    def test_version(self, capfd: CaptureFixture):
+        with pytest.raises(SystemExit) as sys_exit:
+            parse_cli_args(["--version"])
+
+        cap = capfd.readouterr()
+
+        assert sys_exit.value.code == os.EX_OK
+        assert not cap.err
+        assert f"homccd {server.__version__}" in cap.out
+
     def test_parse_config_file(self, tmp_path: Path):
         tmp_config_file: Path = tmp_path / HOMCC_CONFIG_FILENAME
         tmp_config_file.write_text("\n".join(self.config))