Trimble (TRMB) Enters Agreement to Acquire MEP Software Solution Provider Building Data
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Trimble (Nasdaq: TRMB) announced it has entered into a definitive agreement to acquire privately-held Building Data based in Rocklin, Calif. Building Data's managed content and software solutions enable Mechanical, Electrical and Plumbing (MEP) contractors and engineers to produce intelligent, constructible models by including manufacturing-specific content from a proprietary database of over 6 million 3D data components. The combination of Building Data's experience in Building Information Modeling (BIM) content paired with Trimble's leadership in providing software and hardware solutions for building construction will empower contractors and engineers to gain efficiencies throughout the building lifecycle. The transaction is expected to close in the fourth quarter of 2016.
The announcement was made at Trimble Dimensions.
MEP contractors face an enormous challenge to develop and maintain the data needed to design, estimate, build and manage projects. Trimble's pricing and content services, combined with Building Data's 3D solutions, will fill the need for timely, accurate and structured information to drive the key processes of design and construction. Building Data's managed content and its SysQue® software extend the capabilities of existing 3D CAD platforms to enable MEP contractors and engineers to increase productivity by developing constructible models that enable accurate pre-fabrication and field layout.
"With the addition of Building Data, Trimble continues to reinforce its commitment to providing data and analytics solutions to the construction industry. Building Data's strength lies in its ability to provide structured and highly accurate 3D content that will be connected to Trimble's existing product and pricing services," said Pat Bohle, general manager of Trimble's MEP Division. "This wealth of content will enable MEP contractors and engineers to use their models to improve estimating, detailing, fabrication, purchasing, manufacturing and installation processes."
"Building Data's solutions are dedicated to improving the productivity of the building contractor and engineer," said Jim Reis, chief operating officer of Building Data. "We are already integrated with several of Trimble's industry-leading software solutions including their fabrication software, field layout solutions and pricing services. We are excited to provide an even greater integrated office workflow for the building contractor and engineer by joining with Trimble."
The Building Data business will be reported as part of the Engineering and Construction Segment. Financial terms were not disclosed.
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