Mooreland Partners to Acts as an Advisor for Conject on its sale to Aconex

Mooreland Partners to Acts as an Advisor for Conject on its sale to Aconex
18.03.2016 09:45 am

Mooreland Partners to Acts as an Advisor for Conject on its sale to Aconex

M&A Deals

Mooreland Partners the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Conject on its sale to Aconex for €65 million net of cash acquired. The transaction is expected to close on 1 April 2016, subject to customary closing conditions.

Headquartered in Munich, Germany, Conject is a leading international software company, providing cloud and mobile solutions to support Building Information Modelling (BIM) and manage key processes throughout the plan-build-operate lifecycle for the real estate as well as architecture, engineering and construction (AEC) industries. The company currently has approximately 210 employees located in 12 offices in nine countries. Conject has served large, complex construction and infrastructure projects throughout Europe, the Middle East, Asia, and other regions, with a customer base of more than 670 asset owners/operators and contractors and with users in approximately 50 countries.

Headquartered in Melbourne, Australia, Aconex provides a leading cloud collaboration platform for the global construction industry. Its platform connects owners, contractors and their project teams in the construction, infrastructure, and energy and resources sectors, providing project-wide visibility and control between the many different organizations collaborating across their projects. With more than 60,000 user organizations and over $1 trillion of project value delivered in more than 70 countries, Aconex is the industry's most widely adopted and trusted platform. Founded in 2000, Aconex has 41 offices in 22 countries around the world.

Aconex's and Conject's customer bases, businesses and cultures are highly complementary and the combination of the two companies is anticipated to significantly enhance Aconex's leadership position in the global market for cloud-based construction collaboration and cost management solutions. "The global construction industry is undergoing a significant transformation; one of the world's largest industries, it has only very recently begun to embrace and roll-out cloud-based collaboration and planning solutions on a mass scale. We are proud to have advised on the sale of Conject to Aconex, a combination which has forged the world's market leader in cloud-based construction collaboration and cost management," said Patrick Seely, Managing Director, Mooreland Partners.

Related News

Venafi to Acquire Jetstack to Accelerate and Secure Digital Transformation

Venafi®, the inventor and leading provider of machine identity... Read more »

IHS Markit Acquires Catena Technologies

 IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced the acquisition of Catena Technologies (Catena), a global regulatory... Read more »

Santander strengthens its international trade operations for SMEs with the completion of the investment in Ebury

Banco Santander announced today the completion of its purchase of a c.50.1% stake in Ebury, one of the best international payment, FX and international cash management... Read more »

Tenth Revolution Group Acquires Top AWS Solutions Provider, Rebura

Tenth Revolution Group, a global leader in cloud talent solutions, today announced the acquisition of Rebura, one of the UK’s fastest-growing Amazon Web Services (AWS)... Read more »

Auriga acquires the award-winning ATM cybersecurity solution Lookwise Device Manager from leading managed security services provider S21sec

Auriga, a leading supplier of technological solutions for the omnichannel banking and payments industries, announces the acquisition of Lookwise Device Manager (LDM), a modular... Read more »

TietoEVRY integration progressing as planned – employee consultations initiated to drive merger-related efficiencies

TietoEVRY is taking the next step in the integration to ensure its position as the leading digital services and software company in the Nordics. A unified organization... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel