With the assembly of iconic construction technology brands such as SEMA Software ("SEMA"), Compass Software ("Compass"), WGsystem, and Hausmann & Wynen products Powerbird and Sitara, the fund advised by Bregal Unternehmerkapital (“BU”) has announced the formation of BuildTec Software Group ("BuildTec" or the "Company"), a leading European platform for innovative construction software solutions.
The Company is also announcing its latest partnership with E-KOMPLET A/S ("E-Komplet"), a Denmark-based software provider of a full-suite craftsmen-specific project management software, supporting Danish small and medium businesses in the trade verticals. Terms of the transaction were not disclosed.
E-Komplet, founded in 2012 and headquartered in Aalborg, Denmark, is leading software provider supporting a variety of local trade businesses such as electrical, plumbing, painting, masonry, carpentry, grouting, and other service industry companies. Since its formation, E-Komplet has made it their mission to help digitize and optimize critical workflows and support business growth for its customers, including access to a financial accounting model. This mission is of critical importance to those in the trade industry who, despite seeing record high project volume, still face several industry headwinds. E-Komplet and BuildTech are united in their goal to help solve the trade industry challenges and support its continued growth.
With the addition of E-Komplet, BuildTec Software Group is now complemented by another leading company in a promising market segment, which is already strongly positioned in the market and is well on its way to becoming a broadly positioned construction tech player. With more than 20,000 customers, members of the BuildTec Software Group include SEMA, one of the world’s leading providers of CAD/CAM software solutions for timber construction, staircase construction, sheet metal working, and partner companies; WGsystem, commercial industry software provider with a focus on timber construction, carpentry, and roofing; Compass, software provider for staircase, timber and window construction with a focus on CNC connections and workshop organization; and Hausmann & Wynen, ERP solutions provider for electricians and others in the trade industry.
"The BuildTec Software Group is thrilled to welcome the team from E-Komplet. This partnership will bring together the valuable expertise of several iconic brands in the construction-tech world, and we believe the capabilities of the E-Komplet platform will be highly relevant to customers in other European markets, further increasing our ability to service our existing and future customers," said Alexander Neuss, CEO of BuildTec Software Group.
"Our team is incredibly excited to be joining the BuildTec Software Group," added Karsten Mandrup Nielsen, CEO of E-Komplet. "We believe that our software solutions are of critical importance to our customers in the trade industry, particularly as the market continues to evolve. As a part of BuildTec, we look forward to having the opportunity to further strengthen our product offering as we continue to expand into new geographies."
