thinkproject, Europe’s leading SaaS provider for construction and engineering projects, has announced a new stakeholder, global investor EQT.
EQT will acquire a majority stake from the previous investor TA Associates as well as from Thomas Bachmaier, founder of thinkproject. All previous shareholders and the management team of thinkproject will make a significant reinvestment in thinkproject to further accelerate the growth of the European market leader in construction intelligence solutions.
thinkproject supports around 2750 private and public asset owners, project developers and general contractors with users in more than 60 countries to digitally map the entire life cycle of construction projects. Reference projects that were or are being realized with the help of thinkproject’s Construction Intelligence Platform include BMW World in Munich, the Fehmarn Belt Tunnel between Germany and Denmark, Elbe Philharmonic Hall in Hamburg, Hong Kong International Airport, and more. The transaction is expected to be closing by the end of the year, subject to regulatory approvals.
Florian Funk, Partner at EQT Partners and Investment Advisor for EQT, said: “The digitalization of the construction industry offers enormous growth opportunities, we are only at the beginning of a disruptive change. EQT will use its entire platform, including its digital and sustainability expertise, its local presence, its domain expertise and its network to further accelerate thinkproject’s expansion.”