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 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 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 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
