The Hilti Group to acquire Fieldwire

Nov. 21, 2021

The Hilti Group, Schaan, Liechtenstein, has entered into an agreement to acquire Fieldwire, a San Francisco-based construction technology company for an estimated $300 million. The strategic acquisition will bring together Fieldwire’s best-in-class product and Hilti’s global brand and market reach to help drive productivity for contractors and on construction sites.

Fieldwire provides a  platform for job-site management that powers more than a million job sites worldwide. Founded in 2013, Fieldwire has built its presence in North America and expanded internationally into Europe and Asia Pacific, while building market-specific features that enable customers to improve field productivity. 

“The acquisition of Fieldwire will accelerate Hilti’s capability to deliver productivity to our customers through software solutions,” said Christoph Loos, CEO, Hilti Group. “Since digitalization has become a major driver of productivity in construction, Hilti has been investing in digital solutions for construction professionals. This acquisition will strengthen our software portfolio and is a logical step towards our vision of becoming the leading digitalization partner for our customers."

With Hilti’s support, the team at Fieldwire will expedite the work on building the preferred digital solution for construction professionals in the market. All current Fieldwire team members will be invited to stay with Hilti Fieldwire under the continued leadership of the two founders, Yves Frinault and Javed Singha. The company also expects to significantly grow its team.

 

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