In only the latest consolidation move in the competitive construction-technology sector, Trimble announced April 23 that it is acquiring Viewpoint Construction Software for $1.2 billion from Bain Capital. The all-cash deal will be booked in the third quarter of 2018, and comes on the heels of Trimble’s $500 million acquisition of e-Builder in February.
“This acquisition really complements what we’re doing with e-Builder,” says Mark Sawyer, director of construction industry strategy for Trimble. “So e-Builder is on the owner side of project management, while Viewpoint is focused on the general contractor, MEP and civil contractor side. It’s quite complementary, and gives us a level of detail in the resource-management side of things that we have been pursuing.”