Stockholm, January 12, 2023 /PRNewswire/ — Hexagon AB, a global leader in digital reality solutions that combine sensors, software and autonomous technology, today announced the acquisition of Projectmates, a SaaS-based, owner-centric enterprise construction project management software provider.
Since 1997, Projectmates has provided best-in-class solutions designed specifically with the needs of owners in mind. Projectmates’ centralized, configurable platform allows owners to keep all work documents and projects within a construction program up-to-date in one place. This is from the planning stage to completion and handover to the facilities management team.
By connecting owners to the site in real time and tracking critical information about design changes, site progress and expectations, owners can ensure projects are executed, monitored, controlled and completed on time and on budget. You can get the visibility you need to Powerful reports and a single view of the entire project portfolio (from capital planning and budget allocations to bids, contracts, change orders, billing and payments) enable owners to streamline communication and collaboration with architects, engineers and contractors. , response time, workflow, and ROI.
“The solutions that general contractors rely on to mitigate budget overruns and schedule delays during asset construction are often too limited to manage the entire construction program across multiple projects, from concept to completion. and does not provide relevant information required for property owners,” said Hexagon’s president and CEO. Paolo Guglielmini“Built for owners, Projectmates’ next-generation SaaS technology will transform the way projects are visualized and managed. Intelligently tracking project schedules, costs and value will help industrial and commercial From property to infrastructure, owners of all construction projects can avoid delays and save money.”
“Projectmates’ solutions are a great complement to our existing comprehensive construction portfolio (HxGN Smart Build) used by general contractors and large EPCs. It includes a reality capture solution that monitors progress on site,” continues Guglielmini. Hexagon’s established global channels and dedicated customer base enable Projectmates to extend its industry-leading solutions to property owners around the world. ”
Head office location Dallas, Texasspanning the United States, serving a wide range of clients and industries with over 100,000 active projects. North America, Projectmates (Systemates, Inc. doing business as Projectmates) will operate within Hexagon’s Geosystems division. The acquisition will not have a material impact on his Hexagon earnings, is subject to customary regulatory approvals and is expected to close within the next few weeks.
For more information, please contact:
Anton Heikenström, Investor Relations and Business Analyst, Hexagon AB, +46 8 601 26 26, [email protected]
Christine ChristensenChief Marketing Officer, Hexagon AB, +1 404 554 0972, [email protected]
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