How is M&A activity in the BIM software market driving new innovations?
Summary
David Land, senior consultant, Cambashi, explores how merger & acquisition activity in the BIM software market is driving new innovations The construction industry was already starting to experience disruption before the global pandemic. Autodesk is showing interest in completing its full BIM Lifecycle from Design-Build-Operation after a large acquisition run, building up its Construct products, acquiring PlanGrid, Assemble Systems, and BuildingConnected (for around $850million, undisclosed and $275million respectively). This partnership will help both companies offer a wider portfolio, connecting project management and accounting with adjacent software sets that can be used in different parts of the BIM workflow. • Procore Technologies acquired Levelset to add lien rights management to the Procore platform, enabling it to manage complex compliance workflows and improve payment processes in construction • Thinkproject acquired Kairnial Group to further accelerate the digitalisation of the construction sector to deliver more sustainable, punctual and cost-efficient projects. In December 2021, Nemetschek led a financing round for Imerso AS, a Norwegian-based deep-tech company offering a next-generation platform to automate construction quality monitoring.
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