Trimble Looks To Boost E&C Segment, Acquires Building Data
Zacks Investment Research | Nov 09, 2016 09:49PM ET
Leading location technology developer Trimble Inc. (NASDAQ:TRMB) has acquired privately-held construction software firm Building Data for an undisclosed amount.
The deal is likely to close in the fourth quarter of this year. Building Data’s business will merge with Trimble’s Engineering and Construction (E&C) segment.
Rocklin, CA-based Building Data has been in the Mechanical, Electrical and Plumbing (MEP) data content management business since 2007.
Content managed by this company is in use in North America, Australasia, Europe and the Gulf States across a variety of commercial projects like institutional education, healthcare, pharmaceutical, semiconductor, multi-residential and wastewater management systems.
What’s Keeping Trimble Interested?
With the acquisition, Trimble is looking to merge its leading construction software and hardware solutions with Building Data’s Building Information Modeling (BIM) content. The alliance is aimed at offering superior data and analytics solutions that will help MEP contractors to solve issues in developing and maintaining project data.
Building Data’s managed content and its own SysQue software help clients build three dimensional computer aided design (3D CAD) based models from a proprietary database containing more than 6 million 3D manufacturer specific components.
"This wealth of content will enable MEP contractors and engineers to use their models to improve estimating, detailing, fabrication, purchasing, manufacturing and installation processes," said Pat Bohle, general manager of Trimble's MEP Division.
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