PropTech 50 firm 3D Repo has been acquired by Asite, a global data platform for the built environment.
3D Repo is a pioneer in cloud-based building information modelling collaboration software.
Its visualisation, safety and data validation tools are used on some of the most prestigious construction and infrastructure projects worldwide.
Asite says the deal for a fellow London company strengthens its position as a leader in the digital engineering market, providing customers with advanced tools to manage the entire construction lifecycle.
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“Their innovative technology, combined with our existing solutions, will enable us to offer customers even more powerful and effective digital engineering tools,” said Nathan Doughty, CEO of Asite.
“We are excited about the opportunities that this acquisition will bring.”
Dr Jozef Doboš, CEO of 3D Repo, added: “Asite shares our vision for the future of digital engineering. We are excited to join forces and bring our expertise in cloud-based collaboration and BIM to Asite’s platform.
“Together, we will provide a holistic information management platform that will provide customers with even more advanced solutions for managing their construction projects and help drive digitisation in construction to the next level.”