Almost exactly three months after Aconex acquired the Germany-based Conject business (post), the latter’s near-neighbour in Munich, think project!, has acquired 70% of its Austrian sales partner i-pm GmbH.
Founded in 2004 and solely marketing think project!’s SaaS-based construction collaboration across Austria, i-pm will shortly rebrand to become think project! Österreich (Austria). MD Michael Jug will retain responsibility for the Austrian market and his team and location will remain unchanged.
think project! believes the deal will intensify growth – both within Austria and internationally through its Austrian customers – and expand its market presence significantly. The deal is the latest in a series of deals which have seen think project build stakes in various German companies (eg: Eplass, planConnect), plus French PLM business, Lascom AEC (post).
CEO Thomas Backhmaier says:
“The Austrian market is an important core market for think project!. The presence of international and regionally influential construction contractors, globally active engineering companies and particularly public infrastructure clients such as ASFINAG (Austrian motorway operator) and ÖBB (Austrian Railways) make Austria a market with exceptional development potential for think project!.”
Michael Jug, MD of think project! Österreich, says:
“With its robust technology and strategic foresight, the think project! Group was the foundation for our success from the very start. We are very pleased to now be a part of this strong group of companies and, as a result, can see opportunity for considerably expanding the market potential and further growing – both within Austria and internationally through our Austrian customers.”
The deal reminds us that, despite its Conject deal, Aconex still faces strong competition in the central European market. As well as think project!, Stuttgart-based RIB is also strong in cloud-based collaboration, having acquired Australia’s ProjectCentre in 2012 (post) and Denmark’s Docia in July 2014 (post).