Trimble will acquire Viewpoint Construction Software in a $1.2 billion all-cash deal.
Trimble says the purchase of the Portland, Oregon-based firm will complement its e-Builder business and extend its ability to “provide more complete and integrated project, jobsite and business workflows across the construction lifecycle.”
Viewpoint’s software helps with planning a construction project, as well as the project’s operations, supply chain management, and asset operation and management. The software can deliver information to the entire project team of general contractors, project managers, architects, engineers and subcontractors, Trimble says.
“By blending office and field data workflows across a project, Viewpoint customers are able to achieve significantly improved collaboration, efficiency and decision making, while lowering costs,” Trimble says.
Viewpoint has 700 employees and 8,000 customers globally.
The purchase follows Trimble’s acquisition of e-Builder, an SaaS-based construction program management solution for capital program owners and program management firms. “Viewpoint will further extend these capabilities with focus on general, specialty and heavy civil contractors, and link project data into the owner-facing e-Builder suite for end-to-end project transparency,” Trimble says.
The Viewpoint transaction is expected to be completed in the third quarter of 2018, pending regulatory approvals.
Viewpoint is owned by Bain Capital, which acquired a majority of Viewpoint in 2014 for $230 million, according to GeekWire. Viewpoint was formerly known as Coaxis.
“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.”
Trimble also acquired Stabiplan B.V., a Netherlands-based software company serving the mechanical, electrical and plumbing industries in Europe, in January. Stabiplan produces 3D computer-aided design and engineering software and building information modeling. Its products for Revit and AutoCAD integrate design, drawing and engineering calculation and analysis, supporting workflows from engineering to construction, the company says. Financial terms of the deal were not disclosed.