Trimble Acquires Accubid Assets to Expand its Building Construction Solutions

SUNNYVALE, CA. — Trimble (NASDAQ: TRMB) announced today it has acquired the assets of privately-held Accubid Systems based in Concord, Ontario, Canada. Accubid is a leading provider of estimating, project management and service management software and services for electrical and mechanical contractors. Financial terms were not disclosed.

Accubid’s family of software products allow electrical and mechanical contractors to analyze their estimates in great detail including CAD-based estimating and takeoff and then export the data into project management, accounting, and procurement applications. The acquisition of Accubid broadens Trimble’s industry leading "BIM to field" solutions for mechanical, electrical and plumbing (MEP) contractors to automate project estimating and management, modeling, detailing, layout and construction.

“BIM collaboration processes are transforming the way building construction projects are planned, managed and executed,” said Pat Bohle, general manager of Trimble's Building Construction Division. “Combining Accubid’s deep understanding of the electrical and mechanical trades and their detail rich application data with Trimble’s field solutions will provide contractors additional tools to become more productive, efficient, and prepared to meet the demands of the industry in the future.”

“In today's world, construction projects have become more complex and sophisticated, yet at the same time contractors are expected to build them faster than ever before,” said Giovanni Marcelli, founder and CEO of Accubid. “By combining the strengths of Accubid’s project management and estimating expertise with Trimble’s powerful MEP field solutions, we can better enable clients to address these challenges head-on.”

The Accubid business will be reported as part of the Engineering and Construction segment.