The Hilti Group to acquire Fieldwire for $300m.

The Hilti Group, a multinational company that develops, manufactures, and markets products for the construction, building maintenance, energy and manufacturing industries, agreed to acquire Fieldwire, a developer of a web and mobile collaboration platform, for $300m. “The acquisition of Fieldwire will accelerate Hilti’s capability to deliver productivity to our customers through software solutions. Since digitalization 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 digitalization partner for our customers. We intend to continue investing in the platform to create the next market leader in construction project management software," Christoph Loos, Hilti CEO.