15 November 2022
Perth-based Building Information Modelling (BIM) software provider, iConstruct, has been acquired for an undisclosed sum by Swedish-headquartered global information technology company, Hexagon AB.
Coghlan Duffy + Co acted for iConstruct in the transaction. The team was led by Director, John Coghlan, with support from Associate Director, Zain Kazi, and Associate, Marcus Triado.
This strategic acquisition complements Hexagon’s existing suite of technology solutions and represents its second Australian acquisition in the past 12 months, following its purchase of mining technology company, Minnovare.
Hexagon was represented by its Australian counsel, K&L Gates, led by Partner, Adam Levine, and Senior Associates, Ben Kiernan-Green and Natasha Augustin-Fleming.
For more information about this transaction, please refer to Hexagon’s media release and the recent articles in AEC Magazine, Engineering.com and Business News.
About iConstruct
iConstruct provides its clients with a suite of BIM software solutions used in commercial, infrastructure and industrial construction. Led by its Founder and CEO, Shawn Weir, iConstruct has developed award-winning software that is used by various clients on large energy, resources and infrastructure projects globally. For more information, please visit iConstruct’s website here.
About Hexagon AB
Hexagon (Nasdaq Stockholm: HEXA B) is a publicly-listed global technology company that specialises in digital reality solutions, including sensor, software and autonomous technologies, across industrial, infrastructure, manufacturing, public and mobility sectors. Hexagon has a presence in 50 countries, employs approximately 23,000 people and has acquired more than 170 technology companies. For more information, please visit Hexagon’s website here.
For further information, contact:
John Coghlan | Director
E: jcoghlan@cdandco.com.au
Coghlan Duffy + Co is a boutique corporate and commercial law firm based in Melbourne. The firm is proud to work with an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.
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