Trimble announced on Feb. 2 that it is acquiring construction management software maker e-Builder. The deal is a $500 million all-cash transaction. As the developer of popular software for overseeing large construction projects, e-Builder has a significant presence in the public construction and major capital project market, with over $300 billion in active construction projects currently managed by its suite of applications. The company had a reported trailing twelve-month revenue of $53 million.
“This will be a game changer for the way construction is done,” says Roz Buick, Trimble vice president for buildings. “It’s a significant acquisition for us, and has full support from within our organization. e-Builder’s construction-management capabilities will truly transform how we handle construction in this industry.”