Thinkproject acquires Conclude

Europe’s leading construction and engineering SaaS provider Thinkproject has acquired 100% of fellow CDE specialist Conclude GmbH.

Based near Dusseldorf, Conclude has a strong asset-owner customer base, plus extensive expertise in project cost management. The acquisition broadens Thinkproject’s customer base, as well as offering additional capabilities to owner-operators and general contractors within the group’s product portfolio.

With headquarters in Wuppertal, Conclude has specialised in SaaS applications and supporting services for major construction and engineering projects since 2002. They draw on expertise developed at Dortmund’s Fraunhofer Institute for Software and Systems Engineering. The Conclude platform currently has over 100,000 users working on over 2,000 projects, with a total capital value of more than €300 billion (approx. £270bn or US$330bn) in 38 countries. Blue-chip customers include ABB, BMW, Continental, Mercedes, Roche, Siemens and UBS.

Conclude’s suite includes more than 25 application modules; e.g. tools for BIM, design and document management, common industry workflows and reporting functions, and importantly – cost management

Marco Lehmbach, Conclude Founder & Managing Director says: “Our clients will benefit from the strong international presence and broad product portfolio of Thinkproject, including BIM, contract management and mobile technologies. Indeed, this product portfolio complements very well our platform. The combined 5D solution will be even more attractive to our existing customers, and an even more compelling offer to new customers, particularly owner-operators looking to optimise whole life asset value.”

To which Steffen Szeidl, Member of the Management Board of funding partner Drees & Sommer SE, adds: “Conclude was our first start-up where we turned our joint business ideas into IT solutions. To grow further in international markets and appeal to new customer segments, we decided to sell our share. We are delighted to join Thinkproject, Europe’s leading construction and engineering SaaS provider. We will, of course, continue to champion the use of Conclude in our projects over the coming years.”

Gareth concludes by saying: “following on from the March 2019 acquisition of ceapoint GmbH and its DESITE 4D BIM toolset, the Thinkproject group has now been additionally strengthened by Conclude’s ca. 40-strong specialist team in Wuppertal, which brings even more best practices experience and resources to our teams. As BIM adoption continues to grow around the globe, we believe our expanded suite of open, integrated SaaS solutions will be increasingly attractive to a growing number of international customers across the built environment lifecycle.”

About Conclude:

Conclude is a software service provider founded by Drees & Sommer, Marco Lehmbach and Peter Kaul in 2002 in Duesseldorf, Germany, to offer innovative and practical software tools for demanding construction projects. Right from the start they formed a dedicated team, which has been engaged in establishing Conclude and in developing and successfully marketing their tools. Their premium solutions have always been offered as Software-as-a-Service (SaaS): both the hosting of the system and the service and support are completely rendered as services.