NEMETSCHEK SE
DGAP-News: Nemetschek SE / Key word(s): Investment
Nemetschek Group: Strategic Investment in US Start-Up and AI-Expert Reconstruct
2021-07-08 / 14:02
The issuer is solely responsible for the content of this announcement.
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Corporate News
Nemetschek Group: Strategic Investment in US Start-Up and AI-Expert Reconstruct
- Leading technology for remote quality control and progress monitoring
- Infusion of capital to accelerate global expansion
- Perfect fit with Nemetschek strategy of investing in innovation drivers
Munich, 8 July 2021 - The Nemetschek Group, one of the world's leading software providers for the AEC/O industry,
participated in the series B financing round of Reconstruct, the US-based leader in remote quality control and progress
tracking software powered by Computer Vision and artificial intelligence (AI). Jon Elliott, Chief Division Officer,
Build & Construct Division and Member of the Executive Board of the Nemetschek Group will join Reconstruct's Board of
Directors.
Led by the Nemetschek Group and along with other leading AEC companies and tech titans, Reconstruct secured a total of
around USD17 million to develop remote quality control for construction and real estate, which in turn will make on-time
and on-budget projects a reality. This infusion of capital will accelerate Reconstruct's product roadmap and global
expansion.
Reconstruct's CEO, Zak MacRunnels, explains, "It is exciting to see major AEC technology companies like the Nemetschek
Group value the transformational uniqueness of our software-as-a-service. Their investment enables us to deliver our
multi-patented automated detection offering that adds significant efficiencies to the workflow delivered by general
contractors to owners."
"Tackling the industry's biggest challenges, Reconstruct is leading the way in applying Computer Vision and AI to aid
managers in understanding the quantity and quality of work completed and providing a project record for building and
infrastructure projects," says Jon Elliott, Chief Division Officer, Build & Construct Division and Member of the
Executive Board of the Nemetschek Group. "We are excited to fuel Reconstruct's growth through this investment and by
connecting them with our open partner ecosystems of Bluebeam and other Nemetschek brands across architecture,
engineering, construction and operations, thereby expanding the value of digitalization for the AEC/O industry."
Reconstruct has continued its pace of 300% growth over the past 2 years. The company provides its software to customers
ranging in complexity from 7-Eleven and McDonalds to billion-dollar construction firms and industrial and
infrastructure owner-operators. Pfizer, for example, utilizes Reconstruct on their production facilities around the
world.
The investment is a perfect fit to the Nemetschek Group strategy of supporting young companies to shape the future AEC/
O market and drive innovation. See also a recent announcement about the participation in the series A financing round
of fast-growing Contech startup Sablono, the market leader in digital lean technology for construction enterprises.
About Reconstruct
Reconstruct(R) was founded in 2016 to make the built world a better place to live, work and play. With offices in
Silicon Valley and the Midwest and team members located around the world, Reconstruct's Visual Command Center for
Construction(TM) brings together reality capture, design and schedule to provide construction and real estate assets
remote quality control and progress tracking.
About the Nemetschek Group
The Nemetschek Group is a pioneer for digital transformation in the AEC/O industry. With its intelligent software
solutions, it covers the entire lifecycle of building and infrastructure projects and guides its customers into the
future of digitalization. As one of the leading corporate groups worldwide in this sector, the Nemetschek Group
increases quality in the building process and improves the digital workflow of all those involved in. Customers can
design, build, and manage buildings more efficiently, sustainably, and cost-effectively. The focus is on the use of
open standards (OPEN BIM). The portfolio also includes digital solutions for visualization, 3D modeling, and animation.
The innovative products in the four customer-oriented segments are used by approximately six million users worldwide.
Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs more than 3,000 experts.
Publicly listed since 1999 and quoted on the MDAX and TecDAX, the company achieved revenue amounting to EUR 596.9
million and an EBITDA of EUR 172.3 million in 2020.
Contact:
Stefanie Zimmermann
VP Investor Relations & Corporate Communication
NEMETSCHEK SE
Konrad-Zuse-Platz 1
81829 Munich
P: +49 89 540459-250
M: +49 175 7211197
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2021-07-08 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Nemetschek SE
Konrad-Zuse-Platz 1
81829 München
Germany
Phone: +49 (0)89 540459-0
Fax: +49 (0)89 540459-444
E-mail: investorrelations@nemetschek.com
Internet: www.nemetschek.com
ISIN: DE0006452907
WKN: 645290
Indices: MDAX, TecDAX
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1216763
End of News DGAP News Service
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July 08, 2021 08:02 ET (12:02 GMT)
