ENGINEERING TECH, CONSTRUCTION
Procore | October 13, 2022
Procore Technologies, Inc., (NYSE: PCOR), a leading global provider of construction management software, today announced its partnership with Willow, a leading provider of digital twin solutions for smart infrastructure and real estate. This partnership will allow real estate and infrastructure owners to streamline the transition of digital deliverables from the construction phase to the handover and operations phases in a more structured and efficient manner. The integrated solution solves a key industry challenge by allowing owners to deliver reliable project data in a format that can be easily used by the operations team.
Through this integration, asset owners can trace and navigate a complete historical record of construction data from their supply chain that is leveraged throughout the asset's life cycle. This “digital thread” of information can be used to drive a variety of benefits, from vendor performance assessment to informing portfolio performance management, maintenance, and future construction planning. The integration will allow owners to deploy digital twin smart asset management solutions with greater speed.
Willow’s digital twin software, WillowTwin™ assembles and structures data across static, spatial and live data sources, into a virtual replica of the built form. Through the twin, users can drive operational efficiency and cost reductions, improve their sustainability management, and improve IoT/Operational Technology security across their facilities.
“We believe digital twins will transform the built environment, Through this partnership and integration, digital twins and smart asset solutions can be deployed faster and more seamlessly, which in turn can drive smarter maintenance and capital planning.”
-Joshua Ridley, CEO and Co-Founder of Willow.
By integrating directly with Procore at the start of a construction project, delivery teams can save a significant amount of integration time that is usually spent on asset data checks at the end of construction. Additionally, assets that leverage this approach can have complete digital information that is compliant with data handover standards on day one of operations, rather than spending time finding or recreating information from architecture, engineering or contractor teams.
“Digital twins are now widely accepted and are being implemented on many major portfolios and infrastructure networks, By integrating Procore and Willow, owners can now sync critical data collected during construction execution with any digital twin. This is a great step toward creating a more connected supply chain and solves the issue of siloed data in the delivery of assets.”
-Tiffany LaBruno, product director, owners at Procore.
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Our platform connects every project stakeholder to solutions we've built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe.
Willow is the “digital twin” for the built world. Through its software, Willow creates a digital replica of a built asset, that collects and aggregates data into a “twin”. Through this approach, Willow enables the owners and operators of major portfolios and infrastructure to make smarter, more proactive, and data-led decisions. By providing data-driven insights, Willow empowers users to manage with greater efficiency, drive operational improvements at scale and provide their occupants with an enhanced and more connected experience. Willow’s customer base includes some of the world’s largest and most influential owners of real estate and critical infrastructure including Brookfield Properties, as well as several Fortune 500 companies including Microsoft. The company also boasts several iconic campus and stadium precincts including the newly completed SoFi Stadium and Hollywood Park in Los Angeles. Willow is a global technology company with offices in Sydney, Melbourne, Perth, Toronto, Seattle, New York, Dallas, London, Amersfoort and Manila.
Hexagon | September 02, 2022
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced the acquisition of iConstruct Pty Ltd, a provider of award-winning Building Information Modelling (BIM) software used in commercial, infrastructure and industrial construction.
Its flagship solution, iConstruct Pro, is a proven construction automation tool with hundreds of global customers that have relied on its benefits for years. It enables integration, accessibility and control of the wealth of design and construction information held within different BIM models, combining all data into a single 3D model. Different stakeholders can filter and tailor the model to suit their specific needs, providing a fully-integrated and efficient approach to construction planning and execution.
"Hexagon has long been focused on creating smart digital realities that put data to work in new ways. By blurring the lines between the digital and physical worlds, we can offer customers a complete line of sight to ever-changing situations, Not only does iConstruct add an easy-to-deploy solution for combining different design models into a single source but it also enables the reading, writing and exchange of information all the way through operations and maintenance, passing the value of the single 3D model from design and construction to facilities management, The addition of iConstruct's offerings and expertise opens up immediate opportunities for our Asset Lifecycle Intelligence and Geosystems divisions. With iConstruct both can deliver greater data management, project planning and communication efficiencies to more customers, segments and disciplines involved in the construction process, In addition, iConstruct's customer base will benefit from richer content and improved work processes when combining Hexagon's industry-leading construction automation solutions with iConstruct's tools."
-Ola Rollén President and CEO, Hexagon.
Founded in 2009 with headquarters in Perth, Australia, iConstruct will operate as part of Hexagon's Asset Lifecycle Intelligence division. The acquisition has no significant impact on Hexagon's earnings.
ENGINEERING TECH, CONSTRUCTION
Tetra Tech | September 26, 2022
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, is pleased to announce that it has reached an agreement with RPS Group plc (“RPS Group”) on the terms of an all-cash acquisition of RPS Group for 222 pence per share (the “Acquisition”). The Acquisition has been unanimously recommended by the Board of Directors of RPS Group.
The combined 26,000 associates of the RPS Group and Tetra Tech will establish a premier global consultancy in water, environment, sustainable infrastructure, and energy transformation. The RPS Group employs 5,000 associates in Europe, the United Kingdom, Asia Pacific, and North America, delivering high-end solutions especially in energy transformation, water, and program management for government and commercial clients. Tetra Tech is a global high-end consultancy with #1 rankings in both water and environmental management as published in Engineering News-Record. Its 21,000 associates are technical experts in delivering more than 70,000 projects per year around the world.
The RPS Group significantly expands Tetra Tech’s water practice in the United Kingdom, and enhances Tetra Tech’s leading position in renewable energy and environmental management. The combination further strengthens our geographic presence in the United Kingdom, European Union, and Australia. The RPS Group and Tetra Tech are culturally aligned and together will use a Leading with Science® approach to address critical issues such as climate change, resiliency, and energy transformation. The combination of the RPS Group and Tetra Tech also advances both companies’ strategies to provide high-end consulting with an emphasis on advanced data analytics and unique software applications, such as those in water management, ocean analytics and contaminant modeling.
“The RPS Group advances our long-term strategy to enhance our position as the premier global high-end consulting and engineering firm focused on water, environment, sustainable infrastructure, and energy transformation. We welcome the RPS Group’s associates to join us and collectively leverage our long-term client relationships and project experience. As a global consultancy with a commitment to high-end solutions, we can offer our expanded team of associates even greater professional opportunities.”
-Dan Batrack, Tetra Tech Chairman and CEO.
Ken Lever, Non-Executive Chairman of RPS commented, The Board of RPS is pleased to recommend Tetra Tech’s offer, which provides our shareholders with even greater value for their shares. Our combination with Tetra Tech will provide attractive opportunities and long-term benefits to our associates and global clients.
“Joining Tetra Tech represents a highly attractive combination of two leading companies in the industry for our clients and provides an ideal opportunity for our people to realize RPS’ goals to meaningfully contribute to the world’s most challenging problems in energy transformation and water management around the world. I am very excited about the future of our combined company and the benefits for our people and clients. By joining together, Tetra Tech provides RPS and its employees with a strong and culturally aligned platform that creates a pre-eminent consulting and engineering firm addressing climate change and all its effects.”
-John Douglas, Chief Executive of RPS.
About RPS Group:
RPS Group is a public limited company registered in England and Wales. RPS Group’s shares are listed on the Official List of the London Stock Exchange. Founded in 1970 and built on a legacy of environmental and social engagement, RPS Group is a diversified and well recognized global professional services firm of approximately 5,000 talented employees.
As an established technology enabled consultancy that operates across a range of sectors, RPS Group provides specialist services to government and private sector clients with a focus on front-end consulting. RPS Group creates shared value for all stakeholders by solving problems that matter in a complex, urbanizing, resource-scarce world and concentrates its expertise on the parts of project lifecycles that have the biggest impact on project outcomes with a strong sustainability agenda. RPS Group has been widely recognized in this respect, having been ranked number one in the UK for climate change and energy consulting by the Environment Analysis for 2019/2020, a top 200 environmental firm by Engineering News-Record in 2021 and recognized in 2021 as one of the first “carbon champions” by the Institution of Civil Engineers.
RPS Group operates across approximately 100 offices in 12 countries, with more than 99% of its net revenue during the 2021 financial year generated from its operations in OECD countries. The majority of its net revenue during the 2021 financial year was generated from its operations in the United Kingdom, Australia and the United States.
About Tetra Tech:
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients.