The vendor that analysts say has the largest market share in supplying engineering software to the process plant industry has acquired a 25-year-old company with the most widely used pipe-stress analysis software, as well as a suite of 3D design tools for small-plant and project design. Huntsville, Ala.-based Intergraph closed the deal on Jan. 4 to purchase Houston-based COADE Holdings Inc., according to Patrick Holcomb, executive vice president of global business development in Intergraph’s process, power and marine division. COADE sold a majority stake of the firm in 2007 to Insight Venture Partners. No financial terms were disclosed. Intergraph was
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.