Trimble acquiring Tekla

Finnish structural BIM software company, Tekla, Inc., has announced that Trimble Navigation, a construction software and hardware manufacturer based in Sunnyvale, Calif., has made an offer of purchase for roughly $485 million ($6 a share). In a statement, Tekla said shareholder Gerako Oy, who holds approximately 38% of the shares and votes in Tekla, had 'given an irrevocable undertaking to accept the tender offer.'
May 10, 2011

Finnish structural BIM software company, Tekla, Inc., has announced that Trimble Navigation, a construction software and hardware manufacturer based in Sunnyvale, Calif., has made an offer of purchase for roughly $485 million ($6 a share).

In a statement, Tekla said shareholder Gerako Oy, who holds approximately 38% of the shares and votes in Tekla, had "given an irrevocable undertaking to accept the tender offer."

Headquartered in Espoo, Finland, with a U.S. office in Atlanta, Tekla has about 500 employees and operations in 15 countries. Its flagship product is the 3D BIM program Tekla Structures, a design program optimized for and used by structural engineers.

Tekla and Trimble sources both said they expect the acquisition to be completed by the end of the year.

About the Author

Jeff Yoders

For five years Jeff Yoders covered IT, CAD, and BIM as Senior Associate Editor of Building Design + Construction. He's a chair at-large of the Associated General Contractors of America's BIM Forum and speaks regularly to audiences about how to transition to digital workflows. Jeff has won four American Society of Business Publications Editors awards.
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