Nemetschek Group to acquire GoCanvas to further accelerate digitalisation
06 June 2024
The Nemetschek Group, a global provider of software solutions for the AEC/O and media industries, announced that it has signed a definitive agreement to acquire all shares in GoCanvas Holdings, Inc., headquartered in Reston, Virginia, USA.
GoCanvas is a provider of field worker collaboration software that digitises traditional paper-based processes, simplifies inspections, improves safety, and maximises compliance.
GoCanvas offers flexible cloud and mobile field worker solutions that are said to help users efficiently collect real-time data, collaborate across worksites, create digital checklists, make data-driven business decisions, and replace paperwork with smart, simple workflows.
The Nemetschek Group’s Build Segment offers subscription and SaaS products to simplify jobs and connect openly with other AEC/O solutions and platforms.
“GoCanvas is a great fit and a perfect complement to our existing solution portfolio in the Build segment and therefore represents a valuable addition to our expertise in covering the complete AEC/O life cycle,” says Yves Padrines, CEO of the Nemetschek Group.
“Adding the powerful solutions of GoCanvas gives us a strong competitive edge while opening access to a rapidly growing market for field workforces in construction and other adjacent verticals.”
Transaction financing will be provided by Nemetschek’s own cash resources and existing credit facilities. The acquisition is expected to close in the summer 2024 and is subject to customary regulatory approval and closing conditions.
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