Aconex bought Conject to Create Construction Collaboration Solution
FREMONT, CA: Aconex, a renowned platform which connect teams on the world's largest projects recently announced an agreement to acquire Conject Holding GmbH, a leading cloud and mobile collaboration service provider in Europe and other regions, for a total cash consideration of EUR 65 million (A$96.0 million). Aconex through its platform connects owners, contractors and their project teams in the construction, infrastructure, and energy and resources sectors, providing project-wide visibility and control between the many different organizations collaborating across their projects.
“Aconex is going to do a transaction which is expected to close on or about 31 March 2016, subject to customary closing conditions, including approval by Germany's Federal Ministry of Economics and Technology. On the close of this transaction, the merged company will be the world's market leader, by revenue, in cloud-based construction collaboration,” said Dr. Ralf Händl, CEO of Conject. “We have worked beside Aconex for many years; building the construction collaboration industry and helping our customers deliver successful projects. We respect the strength of the company's global customer base and industry-leading technology. Together, as one organization, we can expand our penetration throughout the construction and infrastructure markets of Europe, the Middle East, Asia, and other regions. This business combination has the potential to accelerate the growth of our industry and deliver increasing value to our joint customers worldwide.”
The combination of these two businesses is going to create the leading provider of cloud-based construction collaboration solutions, by revenue, in Europe and worldwide. “The Aconex cloud collaboration platform and suite of solutions support all phases of the project lifecycle process -- from feasibility, planning and tendering through design, construction, inspections, and handover for asset operation and maintenance. The platform includes project-wide collaboration capabilities for building information modelling (BIM).”
See Also: Collaboration Solution | Cioreview