Trimble announced that it has entered into a definitive agreement to acquire WinEstimator, Inc. (WinEst), a provider of construction cost estimating and cost-modeling software. The transaction is expected to close in the third quarter of 2012, subject to customary closing conditions. WinEst will be integrated into the operations of Meridian Systems, a wholly-owned subsidiary within Trimble's Engineering and Construction segment. Financial terms were not disclosed.
WinEst features a team of 25 industry professionals dedicated to providing estimating and cost modeling solutions to builders and capital project owners. The company’s offerings include the WinEst product line that provides a suite of estimating solutions, allowing customers to quickly and accurately respond to all phases of the estimating process, from initial project feasibility to detailed final estimate.
WinEst also provides Modelogix, a solution for capital project owners and builders who develop accurate conceptual cost models based on cost-history data from multiple sources. Modelogix leverages the value of project cost history across the enterprise, integrating the customer’s past estimates and “actual” project costs to form an accurate conceptual budget.
The acquisition is expected to extend Meridian’s capabilities for general contractor and owner customers that want to better develop, manage and leverage their construction cost information to support their core business. In addition, WinEst solutions will support the integration of cost data into other applications, including Meridian’s Prolog and Proliance software, enabling the adoption of Building Information Modeling (BIM) and Integrated Project Delivery (IPD) business practices.
"The acquisition will allow Meridian to provide a broader range of solutions to general contractors and building owners executing projects around the globe,” said Geene Alhady, general manager of Meridian Systems, a Trimble Company. "Industry trends including BIM and IPD are driving more innovation in construction management software solutions, and now we are better positioned to support our customers and markets."
"Together our solutions will improve the flow of construction cost data throughout the project lifecycle, and allow our joint customers to get increased value from their BIM investments," said Steve Watt, CEO of WinEst. "By joining with Meridian, we can improve solution interoperability between BIM data, estimating and project management solutions for all key stakeholders - owners, general contractors, specialty trades.”