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.