think project!, a leading Common Data Environment (CDE) provider for construction and engineering projects, has acquired CEMAR, a contract management solution.
The acquisition, part of think project!’s continuing expansion strategy, marks the company’s entry into the UK market for construction project management software, further strengthening its leading market position in Europe.
Gloucester-based CEMAR offers a leading cloud-based solution for managing NEC (New Engineering Contracts) and FIDIC (International Federation of Consulting Engineers) contracts. Delivering its contract management solution to companies with major projects in the UK and abroad, CEMAR serves an impressive roster of customers, including Highways England, Nuclear New Build, ITER, BAE Systems, Heathrow Airport, Network Rail and Sellafield. CEMAR has realised exceptional profitable growth in recent years and is seeking to continue this trend.
CEMAR will retain its own brand; its contract management solution will complement think project! Group’s product offering.
think project! and CEMAR plan to achieve synergies in software technology, as well as in international project business. Additionally, CEMAR’s contract management solution will be offered to think project! customers and markets, while CEMAR customers will benefit from think project! technologies, such as BIM and mobile solutions. Both solutions are highly complementary.
“Entering the UK market with CEMAR is a major cornerstone in our international growth strategy,” says Thomas Bachmaier, CEO of think project!. “This acquisition provides think project! with the opportunity to acquire major UK and international customers, while adding a leading contract management solution to our product portfolio. We are very pleased to welcome CEMAR to think project! and are confident they will contribute significantly to the Group’s continued growth.”
“We are delighted to become part of the think project! Group,” says Ben Walker, CEO of CEMAR. “CEMAR will benefit from the experience and structures of think project’s international project business, as well as from synergies in our complementary technologies. Our joining forces has created a strong partnership for digital transformation that will further support our customers in the UK and internationally.”
