PRODUCTS, CONSTRUCTION

Trimble Acquires B2W Software to Expand its Civil Construction Portfolio

Trimble | September 15, 2022 | Read time : 01:51 min

https://www.prnewswire.com/news-releases/trimble-acquires-b2w-software-to-expand-its-civil-construction-portfolio-301623964.html
Trimble (NASDAQ: TRMB) announced today it has acquired privately-held B2W Software, a leading provider of estimating and operations solutions for the heavy civil construction industry. Financial terms were not disclosed.

With the passage of the Infrastructure Investment and Jobs Act (IIJA) and other infrastructure legislation across the globe, construction organizations are fast tracking the digitization of their processes and operations. As infrastructure projects become increasingly complex, data-driven insights and analytics will be imperative to improve productivity, increase efficiency and drive sustainability. 

"Seamlessly connected workflows are key to unlocking the true potential of an organization's data, With the acquisition of B2W, Trimble will be able to provide an unparalleled end-to-end digital experience—connecting the digital to the physical—for heavy civil and infrastructure contractors."

-Elwyn McLachlan, vice president of Trimble's Civil Solutions Division.

The addition of B2W's comprehensive suite of pre-construction and operations capabilities will expand Trimble's already extensive civil infrastructure portfolio and Trimble Construction One, a purpose-built connected construction management platform. B2W's integrated suite of applications includes estimating, scheduling, field tracking, equipment maintenance, data capture and business intelligence. By combining these capabilities with Trimble's rich field data, project management, finance and human capital management solutions, civil contractors will be able to bridge the gap between office and field in new ways, promoting transparency, efficiency and ultimately profitability.

"B2W has helped thousands of heavy civil contractors increase their bid accuracy and operational efficiency, And now with Trimble, we can realize the next chapter of our story. By linking the planned with the executed, we will provide civil contractors with a truly connected construction experience, unlocking valuable new insights for our customers across their entire operation."

-Paul McKeon, founder and CEO B2W.

B2W will be reported as part of the Buildings and Infrastructure segment.

Perkins Coie LLP acted as legal advisor to Trimble. Piper Sandler & Co. acted as a financial advisor and Foley Hoag LLP acted as legal advisor to B2W Software.

About B2W:
Headquartered in Portsmouth, New Hampshire and founded in 1993, B2W (formerly known as Bid2Win) provides specialized software for heavy civil construction management. Companies throughout North America and several other countries use B2W Software to bid on large-scale infrastructure and commercial projects, plan and manage operations, maintain large fleets of equipment and leverage business intelligence. 

About Trimble:
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

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Haskell's Dysruptek Makes Strategic Investment in Rhumbix

The Haskell Company | October 12, 2022

Rhumbix, the leading Construction Time & Resource Management platform helping top Commercial, Government, and Industrial contractors to track time, labor, equipment, and material utilization; announced a strategic investment from Dysruptek, the innovation and technology investment arm of the Architecture, Engineering and Construction (AEC) firm The Haskell Company. "The construction sector is facing significant headwinds in the form of labor shortages and supply chain volatility, and it's more important than ever to track and manage a company's most critical and costly resources–its labor, equipment, and materials. The Rhumbix platform helps contractors improve how they measure and manage the ROI of their human capital and equipment and material utilization, By focusing on the critical factors that affect jobsite performance, firms can gain better control over their projects and, ultimately, their bottom lines. We are fortunate to partner with innovators like Dysruptek, who share our commitment to advancing the construction and field service industries." -Zach Scheel, Co-Founder and CEO Rhumbix. Dysruptek's investment will be used to continue building out additional features and functionality in the Rhumbix platform, as well as to support the company's future growth. Rhumbix recently released its Data Explorer add-on, a no-code analytics tool that empowers customers with the ability to build and customize reports and dashboards that answer critical business questions with data and insights. "Rhumbix's focus on the field workforce has been evident since their inception, Their field-first approach to construction technology has been a strategic advantage that has paid off in terms of overall adoption and growth where it counts most, at the worker's level." -Cutler Knupp, Managing Director for Dysruptek. Founded in 2014 by Navy veterans with deep experience in the construction industry, Rhumbix's technology is the first to close the gap between the field-level workforce and management in the home office by providing readily accessible performance metrics for all project stakeholders. Rhumbix continues to drive innovation in construction technology through their time and materials management platform, said Hamzah Shanbari, Director of Innovation for The Haskell Company. By measuring current project performance across labor, materials, and equipment utilization, the industry can inform future business decisions to make construction work higher quality, safer, and more efficient. About Rhumbix: Rhumbix Time & Resource Management captures and connects your labor, equipment, and materials time utilization to save time and unlock new insights into productivity. About Dysruptek: Dysruptek identifies strategic investments in early stage technology companies with solutions to address the major challenges facing the AEC industry.

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ROBOTICS AND AUTOMATION, CONSTRUCTION

Trimble Ventures Invests in Civ Robotics--A Construction Tech Startup Focused on Autonomous Surveying Solutions

Trimble | September 22, 2022

Trimble Ventures, Trimble's (NASDAQ: TRMB) corporate venture capital fund, announced today its investment in Civ Robotics, a San Francisco-based construction tech startup focusing on transforming surveying layout for civil engineering and infrastructure projects. This investment supports Trimble Ventures' mission to invest in early and growth-stage companies that are accelerating innovation, digital transformation and sustainability in the industries Trimble serves—such as agriculture, construction, geospatial and transportation. The investment terms were not disclosed. The construction industry faces a variety of challenges including shortage of skilled workers, safety and productivity. Civ Robotics addresses these challenges with CivDot, a new autonomous surveying solution that empowers efficiency, productivity and safety on the job. CivDot is an unmanned ground vehicle (UGV) designed for civil engineering and infrastructure projects such as solar farms, roadways, data centers, power plants and more. Augmenting the surveyors work, CivDot marks thousands of coordinates per day precisely and efficiently, while delivering layouts faster than traditional methods. "We are focused on investing in companies that are seeking to address important challenges in markets that align with Trimble's mission of transforming the way the world works. Civ Robotics technology supports surveyors and field workers and helps remove the burden of repetitive and risky work, Civ Robotics uses Trimble's high-precision GNSS positioning technology and surveying software to improve productivity and increase safety. This is an exciting opportunity to help accelerate innovation in autonomy, surveying and construction." -Aviad Almagor, vice president, technology innovation at Trimble and technology advisor for Trimble Ventures. Trimble and our vision are in lockstep towards construction automation with a sharp focus on the highest standards of safety and quality, said Tom Yeshurun, co-founder and CEO, Civ Robotics, which announced its $5 million seed funding round this morning. Through Trimble's latest GNSS technology in our autonomous surveying products, our customers can benefit from an end-to-end workflow. About Civ Robotics: Civ Robotics is an autonomous surveying solution for civil engineering and infrastructure projects. The company's flagship product, CivDot, is an unmanned ground vehicle (UGV) which marks thousands of coordinates per day precisely and efficiently for large construction projects, while empowering workforces faced with labor shortages and subsequent delays. Through the press of a button and in a fraction of the time, Civ Robotics autonomous systems are revolutionizing projects, including solar farms, roadways, data centers, power plants, industrial development and large infrastructure. About Trimble Ventures: Launched in 2021, Trimble Ventures is a corporate venture capital fund focused on investing in early and growth-stage companies that align with Trimble's mission of transforming work in the agriculture, construction, geospatial and transportation industries. The fund deploys strategic capital to accelerate the growth of innovative companies and partners that complement Trimble's products, technology platforms and support its customer's work. Trimble Ventures targets investing in companies with technologies and solutions related to hardware and software applications; artificial intelligence; augmented, virtual and mixed reality; autonomy and robotics; blockchain; the Internet of Things (IoT) and analytics; and sustainability. About Trimble: Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

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Bowman Acquires H2H Geoscience Engineering, Expands Benefit of Transportation Infrastructure Spending

Bowman | December 06, 2022

Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the purchase of H2H Geoscience Engineering, PLLC (“H2H”), a Troy, New York based professional services firm that is focused on the aggregate, cement and industrial minerals industries. H2H also specializes in the collection of detailed 3D measurements and images using state-of-the-art aerial, marine-based, underground, and terrestrial survey mapping technologies. Founded in 2005 by Richard Hisert, PhD PG, H2H provides mine permitting, geospatial, geologic, hydrogeologic, geotechnical, civil and mine engineering, hydrographic, and environmental services to a variety of state, federal, and private sector clients throughout the United States. Hisert, along with other senior managers of H2H, will become part of the Bowman management team. “The acquisition of H2H will expand our mine consulting and geospatial capabilities as well as extend our service verticals to the transportation and infrastructure market, Their depth of expertise serving the aggregate, cement and industrial minerals mining industries will position us to capitalize on the backlog of transportation and infrastructure spending coming in 2023 and beyond. We were also attracted by their extensive experience in sophisticated underwater imaging, hydrographic surveying, and the unique collection of advanced marine mapping technologies they have assembled. Considering the complementary services which they provide and the skillsets they possess, we have the ingredients for an exceptionally synergistic acquisition. Having already worked together on projects prior to the acquisition, we have a head start on integrating our services which allows us to increase focus on cross selling to our clients.” -Gary Bowman, CEO of Bowman. We have gotten to know the Bowman team well and we are confident that their culture and commitment to deliberate growth will enable our team to scale our operations to a degree we could not achieve on our own, said Richard Hisert, founder of H2H. Our skills, experience and tools will complement Bowman’s while their national footprint and extensive professional development programs will provide our team with a new home from which to grow. We have been considering a sale for some time and feel this is the perfect match for our team. The Company expects the H2H acquisition to contribute approximately $3.5 million of annualized net service billing before revenue synergies and be immediately accretive. The acquisition was financed with a combination of cash and seller notes, including a convertible note. More detailed information on M&A activities, pipeline, and guidance updates will be provided in connection with scheduled quarterly and annual communications. “H2H meets all of our operating metric objectives and the acquisition cost is within our target multiple range, In this case, the tangible technology and geospatial assets we are acquiring as part of the acquisition will likely account for a greater than usual portion of the final purchase price allocation.” -Bruce Labovitz, Bowman’s Chief Financial Officer. About H2H Geoscience Engineering: H2H Geoscience Engineering, PLLC is a geologic, engineering and geospatial consulting firm located in Troy, New York, providing comprehensive consulting to the aggregate, cement and industrial mineral industries with expertise in mine planning and permitting, exploration, geospatial, hydrogeologic, geotechnical engineering, hydrographic, and environmental services to state, federal, and private sector clients throughout the US. H2H provides turnkey solutions employing the latest innovative mapping and modeling technologies to large scale mining projects from due diligence, through exploration and mine reclamation design. Our integrated team of professional geologists, engineers, environmental scientists, and mapping professionals brings unique expertise and experiences to provide high-quality, responsive, and cost-effective solutions to the largest mining industry leaders throughout the US. About Bowman Consulting Group Ltd: Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment. With over 1,700 employees and 68 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement, and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN

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