Hexagon AB announced the acquisition of Projectmates, a SaaS-based, owner-focused, enterprise construction project management software provider.

Since 1997, Projectmates has been delivering a best-in-class solution designed specifically with an owner’s needs in mind: delivering positive ROI from every construction dollar spent. Projectmates’ configurable and centralized platform enables owners to keep all working documents and projects within a construction program up to date and in one place – from the planning stages through closeout and handover to the facilities management team.

Linking owners with job sites in real-time and tracking critical information about design changes, job site progress and expectations provides owners with the necessary visibility to make sure projects are executed, monitored, controlled and closed on time and within budget. With powerful reporting and a single view of an entire project portfolio – from capital planning and budget allocation to bidding, contracts, change orders, invoicing and payment – owners can streamline communications and collaboration with architects, engineers and contractors to improve response times, workflows and ROI.

Headquartered in Dallas, TX, USA, and serving a wide range of clients and industries with over 100,000 active projects across North America, Projectmates (Systemates, Inc., doing business as Projectmates), will operate within Hexagon’s Geosystems division. The acquisition has no significant impact on Hexagon’s earnings, with a closing subject to customary regulatory approvals – expected over the coming weeks.

About Hexagon

Hexagon is a global provider of digital reality solutions, combining sensor, software and autonomous technologies. Hexagon has approximately 23,000 employees in 50 countries and net sales of approximately 4.3bn EUR.

Learn more at hexagon.com.