5th April 2023
Asite Solutions Ltd., a London (U.K.) headquartered leader in data platforms for the built environment, has acquired London (U.K.) based 3D Repo, a pioneer in cloud-based Building Information Modelling (BIM) collaboration software and technology provider to the AECO industry. The combination brings together two innovative companies with complementary technologies and expertise, with the aim of driving digitisation in construction to new heights.
3D Repo (https://3drepo.com/) is an online platform to help manage Building Information Modelling (BIM) data during design, delivery and operation. Their platform allows users to manage 3D and 4D model revisions and highlight potential issues and risks using live collaboration tools, which enable the whole project team to work from a single source of truth anywhere and at any time.
Asite (https://www.asite.com/) provides an open construction platform that enables organizations working on capital projects to come together, plan, design, and build with seamless information sharing across the entire supply chain.
Asite’s comprehensive range of solutions connect dispersed teams across the lifecycle of capital assets, enabling them to build better and build resilience. With Asite, capital project owners stay at the forefront of innovation, maintaining a golden thread of information throughout a project to facilitate the creation of digital twins.
The acquisition of 3D Repo strengthens Asite’s position as a leader in the digital engineering market, providing customers with advanced tools to manage the entire construction lifecycle. Asite's platform already includes a range of solutions for project management, supply chain management, and data management for assets, and the addition of 3D Repo's innovative technology will enhance and strengthen these capabilities further.
Lerner Associates was pleased to act as the exclusive sell-side M&A advisor to 3D Repo. This transaction further cements our credentials as a leader in PropTech and ConTech M&A Advisory services.