Hilti to buy Dutch software business
18 July 2023
Hilti Group has reached an agreement to acquire 4PS Group, a Netherlands-based software company that specialises in business management solutions for the construction, civil engineering and installation sectors. No financial details have been revealed.
According to Hilti, the purchase is the “next step” in its strategic plans to expand its own software business and will enable both companies to “strengthen their position” in the market and “drive the digital transformation of the construction industry.”
The agreement, which has now been signed by both companies and is subject to approval by oversight authorities, will see 4PS Group staff remain in the company, with Wim Jansen, André Overeem and Martin Westerink set to remain on the board of directors.
Thomas Hillbrand, member of the Hilti executive board, said, “As a company closely working with customers, and with a focus on supporting the digital transformation of the construction industry, 4PS Group is a perfect fit for Hilti. We also share the conviction that there is enormous productivity potential for construction companies in optimized business processes.
“Construction projects are complex, and administrative tasks take up a large amount of time. All the more reason for us to digitalize processes and make information easily and quickly available.”
Johan Bakker, director sales & marketing at 4PS Group added that the company is “looking forward to joining forces with Hilti” and described the acquisition as “an important next step to be able to take a leading role in the European market.”
According to Paula Middelkoop, director product & development at 4PS Group, the move will enable it to “fully focus on becoming the trusted digitalisation partner for the construction industry.”