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Announced

Completed

MRI Software completed the acquisition of Manhattan Real Estate and Workplace Solutions from Trimble.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

United States

Single Bidder

Majority

real estate solutions

Private

Acquisition

Friendly

Real Estate Services

Domestic

Synopsis

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MRI Software, a real estate software provider, completed the acquisition of Manhattan Real Estate and Workplace Solutions, the real estate and workplace solutions division of Trimble, a hardware, software and services technology company. Financial terms were not disclosed. "The world of work has changed fundamentally over the past year, and companies require innovative solutions that enable flexibility for their workplaces and leases. The acquisition of Manhattan will bring a well-respected industry leader with a strong heritage into the MRI fold, and our combined workplace management capabilities uniquely position us to serve the needs of owners, operators and tenants across the real estate spectrum," Patrick Ghilani, MRI Software CEO.

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