NEMETSCHEK ACQUIRES CONSTRUCTION SOFTWARE HCSS

The acquisition expands Nemetschek's portfolio in the construction technology sector. HCSS provides software solutions for heavy construction and specialty trade contractors, focusing on project management, accounting, and field operations. Nemetschek, a German-listed software company, specializes in cloud-based solutions for architecture, engineering, construction, and media industries. The addition of HCSS strengthens its presence in the North American construction market. Thoma Bravo, which owned HCSS, is a leading private equity firm focused on software and technology infrastructure companies. Financial terms of the deal were not disclosed. The transaction aligns with Nemetschek's strategy of acquiring complementary software businesses to enhance its construction management capabilities and customer base.