In a move that broadly expands its presence in the construction software space, Schaan, Liechtenstein-based tool manufacturer Hilti has announced that it will acquire San Francisco building trades software maker Fieldwire for $300 million. Other terms of the deal were not disclosed.
Fieldwire, founded in 2013, has built a sizable user base around mobile and desktop software aimed at craft workers and other field personnel. The company has over 130 employees, with offices in the U.S. and Europe. Its app can be used to manage the complex jobs and task lists of field work. Tasks are assigned to workers, and necessary documents and drawings are kept up-to-date. With its focus on the work of specialty contractors and other tradespeople, Fieldwire has also added functionality for handling RFIs and submittals.