Trimble to acquire Viewpoint for $1.2B
Trimble announced it has entered into a definitive agreement to acquire privately-held Viewpoint from Bain Capital in an all-cash transaction valued at $1.2B. Viewpoint is complementary to Trimble's e-Builder business, and 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 $400B of construction project value, Viewpoint has approximately 8,000 customers worldwide, including many from the Engineering News-Record, or ENR, 400. The acquisition will round out Trimble's construction technology portfolio. With Viewpoint, Trimble will be able to offer customers a central workflow platform for delivering integrated, end-to-end construction management, while further enabling connectivity across the complete construction lifecycle. In addition, Viewpoint will complement Trimble's recent acquisition of e-Builder, a leading SaaS-based construction program management solution for capital program owners and program management firms. Viewpoint will further extend these capabilities with focus on general, specialty and heavy civil contractors, and link project data into the owner-facing e-Builder suite for end-to-end project transparency.