$1.2 billion purchase by Trimble
By Andy Brown26 April 2018
Trimble has entered into a definitive agreement to acquire privately-held Viewpoint from Bain Capital in an all-cash transaction valued at US$1.2 billion.
The company say that Viewpoint will extend Trimble’s ability to provide more complete and integrated project, jobsite and business workflows across the construction lifecycle.
Viewpoint is a provider of scalable construction management software, which integrates a contractor’s financial and resource management to their project operations and to their jobsite and field.
Currently managing over $400 billion of construction project value, Viewpoint has approximately 8,000 customers worldwide. These firms include general contractors, heavy highway and civil contractors, specialty subcontractors and owners.
Steven W. Berglund, president and CEO of Trimble, said: “The acquisitions are strategically significant and position us to play a unique and central market role in providing comprehensive enterprise and project solutions.
”They also provide significant financial opportunity and contribute strong growth trajectories.”