CIOB joins UK BIM Alliance’s affiliate programme

Chartered Institute of Building, UK BIM Alliance | June 22, 2020

The Chartered Institute of Building (CIOB) has joined the UK BIM Alliance’s Affiliate Programme to enable a better performing built environment. The Affiliate programme aims to bring together the professional institutions, trade organisations and any other industry organisations to provide a consistent message and coordinated approach to digital transformation.

The CIOB has a Royal Charter to promote the science and practice of development, conservation, and improvement of the built environment. The UK BIM Alliance aims to ensure BIM becomes business as usual whilst transforming and future proofing the way industry work. By joining forces, both bodies aim to strengthen industry improvement and enable a better performing built environment.

Spotlight

RPA platforms represent a hyper-growth market, with enterprises investing in new RPA platforms for process and task automation to achieve greater operating efficiency and agility, while allowing the human workforce to focus on more strategic and higher priority projects and tasks. Intelligent process automation is in an early phase of its evolution and represents the next frontier for RPA vendors.

Spotlight

RPA platforms represent a hyper-growth market, with enterprises investing in new RPA platforms for process and task automation to achieve greater operating efficiency and agility, while allowing the human workforce to focus on more strategic and higher priority projects and tasks. Intelligent process automation is in an early phase of its evolution and represents the next frontier for RPA vendors.

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Bowman Acquires Fabre Engineering, Inc. To Expand Its Gulf Coast Presence

Bowman Consulting Group Ltd. | June 07, 2022

Fabre Engineering, Inc. ("Fabre") has been acquired by Bowman Consulting Group Ltd. (the "Company" or "Bowman"). Fabre, a civil engineering and land surveying firm based in Pensacola, Florida, was founded in 1981 and serves a wide range of public and private clients in Florida, Alabama, and Mississippi. Fabre specializes in water, stormwater, and wastewater solutions, airports, land use planning for private developers and municipal agencies, and broad-based geomatics and land surveying services under the guidance of Frank Fabre, the company's founder. Frank and the extended Fabre team have a long history on the Gulf Coast. Our southeast region will no doubt benefit from the addition of Fabre’s skilled workforce and diverse base of clients. We are all excited to welcome Fabre’s team of experienced professionals to Bowman and look forward to the cross-selling, service line augmentation, and collaboration opportunities that will result from this acquisition.” Gary Bowman, CEO of Bowman “There’s a significant amount of synergy between Fabre and Bowman,” said Frank Fabre founder, and president of Fabre. “We are looking forward to joining with an organization that shares our work ethic and commitment to quality. I am confident that we have found the right fit for our people and our clients, and I believe that our team will be able to contribute meaningfully to Bowman’s growth along the Gulf Coast and throughout the greater southeast.” The cash and seller financing were used to fund the acquisition, which the company anticipates to be immediately accretive. The Fabre acquisition is expected to generate around $1.5 million in annual net service billing at first.

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DESIGN

Cadence Completes Acquisition of Future Facilities

Cadence | July 18, 2022

Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has completed the acquisition of Future Facilities. The addition of Future Facilities technologies and expertise supports the Cadence® Intelligent System Design™ strategy and broadens its multiphysics system analysis and computational fluid dynamics (CFD) portfolios. Future Facilities’ electronics cooling analysis and energy performance optimization solutions for data center design and operations using physics-based 3D digital twins enables leading technology companies to make informed business decisions about data center design, operations and lifecycle management and reduce their carbon footprint. Future Facilities’ proven technologies serve a wide breadth of hyperscale, enterprise data center, managed services and colocation providers, including Hewlett Packard Enterprise, Digital Realty, Equinix and Kao Data. About Cadence- Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare.

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ENGINEERING TECH

Arcline Investment Management Completes Acquisition of Omega Engineering Inc.

Dwyer Group of Companies | July 06, 2022

Arcline Investment Management (Arcline), today announced that it has completed the acquisition of Omega Engineering Inc. (Omega or the Company) from Spectris plc (LSE: SXS). Omega is a leading provider of sensing, control, and monitoring technologies and has joined the Dwyer Group of companies (Dwyer), an Arcline portfolio company. Founded in 1962, Omega is an established global leader in the technical marketplace, offering more than 100,000 state-of-the-art products for measurement and control of temperature, humidity, pressure, strain, force, flow, level, pH, and conductivity. Omega also offers a complete line of data acquisition, heating, and custom-engineered products. Omega's business is fully integrated, with in-house design and engineering, manufacturing, and distribution capabilities facilitating made-to-order products at attractive lead times, positioning the Company as a technology partner of choice to process engineers worldwide. As a global leader in sensing and instrumentation technologies, Omega is a logical, complementary addition to the Dwyer Group of companies, Arcline commented. Omega brings temperature sensing technology leadership as well as an innovative set of IIOT solutions, which have wide-ranging applications for Dwyer Group's existing sensing and instrumentation portfolio. Together, the combined businesses offer customers the broadest portfolio of highly configurable temperature, pressure, flow, and level solutions for critical environment and automation applications. EC M&A served as financial advisor to Arcline. About the Dwyer Group of Companies- The Dwyer Group of companies consists of a series of companies and brands including Dwyer Instruments, Love Controls, Mercoid, WE Anderson, Proximity and UFM. Dwyer is a global leader in the design and manufacture of innovative sensors and instrumentation solutions for the IEQ, building automation, process and environmental markets. Founded in 1931, Dwyer is headquartered in Michigan City, Indiana, and has additional offices in Asia, Europe and Australia. To learn more about Dwyer Instruments, visit www.dwyer-inst.com. About Arcline Investment Management- Arcline Investment Management is a growth-oriented private equity firm with $4.4 billion in cumulative capital commitments. Arcline seeks to invest in technology-driven, meaningful to the world industrial businesses that enable a better future.

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