M&A JDM Bought Another Construction Software Company and Promised to Change Nothing About It JDM Technology Group closed its acquisition of Dreeven on 23 October and announced it on 29 October. The Quebec platform keeps its name, brand, leadership and governance structure — which is the whole thesis of a roll-up that now says it owns more than 35 construction software companies. Hugo Pegley · Nov 2, 2026
M&A Newforma Bought a General-Purpose Analytics Engine and Pointed It at RFIs Lumi AI spent three years building a semantic layer over ERPs for F100 enterprises. Newforma acquired it on 21 October, terms undisclosed, and is attaching it to twenty years of AECO project structure — while publishing a three-part standard it has invited the industry to measure it against. Hugo Pegley · Oct 22, 2026
M&A Sage Buys Its Longtime Partner Paperless Environments, Bringing Invoice Automation and Subcontractor Compliance In-House Terms were not disclosed, but the shape of the deal is clear: Sage has bought the Louisiana company behind the AP and document tools its construction customers already use, its second construction acquisition since August. Existing Paperless customers, including those on non-Sage ERPs, are told to expect no immediate changes. Hugo Pegley · Oct 17, 2026
M&A Hexagon Is Paying $535 Million for the Software That Predicts How the Ground Will Move Rocscience is expected to deliver revenue approaching $50 million this calendar year, more than 80% of it recurring, at EBITAC margins above 40% — roughly 11 times revenue for an asset whose margin is well above the 24–26% Hexagon has set itself through 2030. The strategic case in the release is a feedback loop between monitoring sensors and engineering models. The AI case is sitting on Rocscience's own homepage. Hugo Pegley · Oct 12, 2026
M&A AMD Is Buying World Labs for $8.2 Billion — Seven Months After Autodesk Put $200M Into It Autodesk bought a $200 million stake and an adviser role at the spatial-AI lab it called its bet on physical AI. A chipmaker has agreed to buy the whole thing in stock, and AMD's announcement does not mention Autodesk, construction or architecture once. Hugo Pegley · Oct 6, 2026
M&A Schneider Electric Is Paying $22.6 Billion for PTC — the Asset Autodesk Walked Away From Last Year The all-cash deal values PTC's equity at $22.6 billion and its enterprise at $23.7 billion, or 21x forward adjusted EBITA. PTC sells design and lifecycle software to manufacturers, not to builders, and the word 'construction' does not appear anywhere in the release. What has been priced is the upstream half of a design-to-operate thread — and Autodesk agreed in May to pay $3.6 billion for the other half. Hugo Pegley · Oct 5, 2026
M&A SmartCraft Buys LiveCosts for €8.45M, and the Multiple Is Worth Writing Down A profitable Irish cost-control platform with €1.77M of ARR sold for under five times revenue — a number worth holding next to what AI-branded construction startups are raising at. Hugo Pegley · Sep 8, 2026
M&A A French Construction AI Company Just Started Trading in Canada. It Didn't IPO. Aitenders began trading on the Canadian Securities Exchange under the ticker BIDS on August 10 — via a reverse takeover of a shell, not a public offering. The distinction matters, and most of the coverage has skipped it. Hugo Pegley · Aug 13, 2026
M&A Procore Is Paying $845 Million for Eyes Procore will acquire reality-capture platform DroneDeploy for approximately $845 million in cash — announced on the same day it told investors it had achieved GAAP operating profitability. The deal buys the one thing its AI agents could not read: the jobsite itself. Hugo Pegley · Jul 30, 2026
M&A Autodesk's $3.6 Billion MaintainX Deal Is a Bet That the Money Is in 'Operate,' Not 'Design' The largest acquisition in Autodesk's history is not a design tool or a construction platform — it's a maintenance app for factory and facility teams. The logic reveals where the company thinks the next decade of value in the built environment actually sits. Hugo Pegley · Jun 13, 2026
M&A AECOM Pays $390 Million for an AI That Claims to Automate 90% of Engineering Work The $390 million acquisition of Norwegian AI startup Consigli is the largest AI deal in AEC history — and the first time a major engineering services firm has bought a software startup rather than waiting for someone else to. The industry is still processing what it means. Hugo Pegley · Jun 12, 2026
M&A Nemetschek Acquires HCSS, and the Construction Software Map Gets Redrawn The Munich-based software giant's acquisition of HCSS — the Texas company whose HeavyBid and HeavyJob tools run estimating and project management for thousands of heavy civil contractors — is the largest contech deal of spring 2026. It also changes the competitive landscape in ways that won't become clear for at least 18 months. Hugo Pegley · Jun 12, 2026
M&A Trimble Acquires Document Crunch, Embedding Contract AI Into the Core of Its Construction Suite The April 2026 deal brings AI-powered contract risk analysis into Trimble's Construction One platform — and is the clearest signal yet that contract intelligence is becoming table stakes for construction software incumbents. Hugo Pegley · Jun 12, 2026
