LAS VEGAS, Nov. 7, 2016—Trimble (NASDAQ: TRMB) announced today 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.
About Building Data
Building Data has been managing MEP data content for engineers and contractors since 2007. Building Data is dedicated to managing 3D component data for customers who create dimensionally accurate BIM for 3D coordination and installation. With over 6 million manufacturer specific content components, Building Data is host to the largest database of its kind. In 2013 Building Data launched SysQue, a software application that runs on Revit®. Building Data managed content is used in North America, Europe, Australasia and the Gulf States region on a wide range of commercial projects such as health care, institutional education, semiconductor, multi-residential, pharmaceutical and wastewater treatment facilities.
About Trimble Buildings
Trimble Buildings, a part of Trimble's Engineering and Construction segment, is focused on solutions that optimize the complete Design-Build-Operate (DBO) lifecycle of buildings. Trimble is dedicated to transforming the industry—increasing productivity, reducing waste and optimizing schedules, budgets and real estate portfolios—with powerful solutions that streamline communication and collaboration. These targeted solutions enable architects, engineers, contractors, owners, and occupiers to realize greater agility, efficiency and insight. Used in over 150 countries around the world, Trimble Buildings’ solutions are transforming the way the world designs, builds and operates infrastructure and buildings. For more information visit: buildings.trimble.com.
Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming a broad range of industries such as agriculture, construction, geospatial and transportation and logistics. For more information about Trimble (NASDAQ:TRMB), visit: www.trimble.com.
This press release contains forward-looking statements regarding the business operations and prospects of Trimble, including the impact of the Building Data acquisition on Trimble's ability to better serve its customers in the building and construction market. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to (i) timely satisfaction of various conditions to closing the acquisition, and whether the acquisition is completed on the intended timeline, or at all, (ii) realizing the anticipated benefits of the acquisition, (iii) Trimble's ability to strengthen its portfolio serving its customers in building and construction market through the acquisition, including its ability to quickly and effectively integrate the Building Data software products and services with its Trimble Buildings’ Design-Build-Operate solutions, and (iv) the risks and uncertainties associated with unexpected expenditures or assumed liabilities that may be incurred as a result of the acquisition. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
Lea Ann McNabb