Daily Newsletter

10 June 2024

Daily Newsletter

10 June 2024

Nemetschek to acquire GoCanvas Holdings to enhance portfolio 

The acquisition aligns with Nemetschek's Build & Construct Division, offering growth opportunities and technology synergies.

Upasana Mukherjee June 07 2024

Nemetschek Group has signed a definitive agreement to acquire all shares in GoCanvas Holdings, a US-based provider of field worker collaboration software.  

The Build segment of Nemetschek Group provides subscription and software as a service products. 

These are designed to streamline customers' tasks and seamlessly integrate with other architecture, engineering, construction, and operations (AEC/O) solutions and platforms. 

Meanwhile, GoCanvas specialises in digitising traditionally paper-based processes and offers cloud and mobile solutions, enabling real-time data collection, digital checklists, and more. 

The deal is set to enhance Nemetschek's current Build portfolio by offering solutions that streamline operations for on-site professionals across the construction, manufacturing, and energy sectors. 

These solutions cover workflows related to safety, environmental, social, and governance, quality, and work progress. 

The acquisition is also said to align with Nemetschek's Build & Construct Division, offering growth opportunities and technology synergies. 

Nemetschek CEO Yves Padrines said: “GoCanvas is a great fit and a perfect complement to our existing solution portfolio in the Build segment and therefore represents a valuable addition to our expertise in covering the complete AEC/O life cycle. 

“Adding the powerful solutions of GoCanvas gives us a strong competitive edge while opening access to a rapidly growing market for field workforces in construction and other adjacent verticals.” 

In addition, Nemetschek's brand, Bluebeam, plans to leverage its influence in the built environment to introduce GoCanvas solutions, extending additional value to field workers. 

In April this year, Nemetschek and Autodesk entered into an interoperability agreement to optimise workflows for their respective customers.  

Latin America Construction Market Overview

GlobalData's latest report explores the different sectors of the construction industry in Latin America through a detailed investigation of the output values from 2019 to 2028. Over the forecast period, the growth volumes are to be sustained by the rapid construction development across Colombia, Panama, Ecuador, and Argentina. Among these countries, Colombia is set to remain the fastest-growing country, aided by investments in the domestic infrastructure sector.

Latin America Construction Market Overview

GlobalData's latest report explores the different sectors of the construction industry in Latin America through a detailed investigation of the output values from 2019 to 2028. Over the forecast period, the growth volumes are to be sustained by the rapid construction development across Colombia, Panama, Ecuador, and Argentina. Among these countries, Colombia is set to remain the fastest-growing country, aided by investments in the domestic infrastructure sector.

Latin America Construction Market Overview

GlobalData's latest report explores the different sectors of the construction industry in Latin America through a detailed investigation of the output values from 2019 to 2028. Over the forecast period, the growth volumes are to be sustained by the rapid construction development across Colombia, Panama, Ecuador, and Argentina. Among these countries, Colombia is set to remain the fastest-growing country, aided by investments in the domestic infrastructure sector.

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