Hilti Group has entered into an agreement to acquire Fieldwire, a US-based construction technology company, for an approximate US$300 million (approximately €263.9 million) to help drive productivity at contractors and on construction sites.
Fieldwire provides a leading platform for jobsite management that powers more than a million jobsites worldwide. Founded in 2013, Fieldwire has built a strong presence in North America and managed to expand internationally into Europe and Asia Pacific, while building market-specific features that enable customers to improve field productivity. The company is presently supporting thousands of clients to better manage their jobsites digitally by offering a software solution that is reliable, easy to use, has a wide range of features and is also device-agnostic. It is used by general and specialty contractors alike and is known for its field first approach to productivity.
“The acquisition of Fieldwire will accelerate Hilti’s capability to deliver productivity to our customers through software solutions. Since digitalisation has become a major driver of productivity in construction, Hilti has been investing in digital solutions for construction professionals. This acquisition will strengthen our software portfolio and is a logical step towards our vision of becoming the leading digitalisation partner for our customers. We intend to continue investing in the platform to create the next market leader in construction project management software,” said Christoph Loos, CEO of Hilti Group.
With Hilti’s support, the team at Fieldwire will expedite the work on building the preferred digital solution for construction professionals in the market. Not only will all current Fieldwire team members be invited to stay with Hilti Fieldwire under the continued leadership of the two founders, Yves Frinault and Javed Singha, but additional efforts will also be made to significantly grow the team.
“We started Fieldwire to help construction contractors empower their teams, drive field productivity and create stronger, more profitable companies. With Hilti, we have found a partner that truly shares our values and at the same time allows us to speed up our product development for our customers in new and existing markets. We are thrilled to be joining the Hilti Group,” comments Yves Frinault, co-founder and CEO at Fieldwire.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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