Mooreland Partners Advises Conject On Its Sale To Aconex
Combination to form global leader in cloud-based collaboration and cost management software for the construction industry
LONDON, March 18, 2016 /PRNewswire/ -- Mooreland Partners (www.moorelandpartners.com) 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.
ABOUT MOORELAND PARTNERS
Founded in 2002, Mooreland Partners is a leading independent investment bank providing M&A and private capital advisory services to the global technology industry, serving clients from its offices in London, New York, and Silicon Valley. Mooreland's team of nearly 50 professionals delivers industry domain and transaction expertise across all major technology sectors including industrial technology and electronics, enterprise software and services, communications technology, as well as mobile and digital media. Learn more at www.moorelandpartners.com; read our blog.
All trademarks contained herein are the property of their respective owners.
New York: +1-212-653-0800
SOURCE Mooreland Partners
More by this Source
Mooreland Partners Advises Cambridge Medical Robotics on its $20 million Series A Financing
18 Jul, 2016, 17:43 BST
Mooreland Partners Advises Nextperf on its Sale to Rakuten Marketing
12 Jul, 2016, 19:48 BST
Mooreland Partners Advises EZSource on its Sale to IBM
01 Jun, 2016, 18:05 BST
Get content for your website
Enhance your website's or blog's content with PR Newswire's customised real-time news feeds.
Contact PR Newswire
Send us an email at MarketingUK@prnewswire.co.uk or call us at +44 (0)20 7454 5382
Become a PR Newswire client
Request more information about PR Newswire products & services or call us at +44 (0)20 7454 5382