Trimble has entered into an agreement to acquire privately-held Viewpoint from Bain Capital in an all-cash transaction valued at US$1.2 billion.
The software company is expected to enhance Trimble’s e-Builder business, and will extend Trimble’s ability to provide more complete and integrated project, jobsite and business workflows across the construction lifecycle.
Viewpoint provides construction management software, which integrates a contractor’s financial and resource management into their project operations and to their jobsite and field.
The integration across the office, team and field allows contractors to employ Viewpoint to manage and have visibility to data and workflows that span the construction lifecycle, from pre-production planning, to product operations and supply chain management, and then to project hand over and asset operation and maintenance.
The acquisition will round out Trimble’s comprehensive construction technology portfolio and position Trimble to further its strategy to lead the industry’s transformation.
In addition, Viewpoint will complement Trimble’s recent acquisition of e-Builder, a leading SaaS-based construction program management solution for capital program owners and program management firms.
“The Viewpoint acquisition, in combination with the recent e-Builder acquisition, confirms Trimble leadership in the accelerating digital transformation of the construction industry,” said Steven W. Berglund, president and CEO of Trimble.
“The acquisitions are strategically significant and position us to play a unique and central market role in providing comprehensive enterprise and project solutions. They also provide significant financial opportunity and contribute strong growth trajectories. The current trajectories can be further enhanced by a large addressable market enabled by the combined capabilities of the three companies.”
Currently managing more than $400 billion of construction project value, Viewpoint has about 8,000 customers worldwide. These firms include general contractors, heavy highway and civil contractors, specialty subcontractors and owners.
“The construction industry is embarking on a major digital transformation, and together with Trimble we will further accelerate technology innovation and adoption to deliver even more value to our customers,” said Manolis Kotzabasakis, CEO of Viewpoint.
“This partnership is a perfect fit, as Trimble and Viewpoint share a common vision helping construction companies integrate operations across the office, team and field, improving project profitability, enhancing productivity, and effectively collaborating across the construction ecosystem.”
The transaction is expected to be completed in the third quarter of the year. Trimble expects Viewpoint to contribute about $200 million in revenue in 2019.
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