MUNICH, Germany, Apr 15, 2026 – The Nemetschek Group has signed an agreement to acquire Heavy Construction Systems Specialists (HCSS) from Thoma Bravo. The addition brings inspection, field tracking, and project management tools into its Build and Construct segment, alongside Bluebeam, GoCanvas (incl. SiteDocs), and Nevaris, extending workflow coverage across office and field teams and across project phases.
The transaction expands Nemetschek Group into infrastructure markets driven by aging assets, public investment programs, energy projects, and urban development. The company estimates the Build and Construct segment will address a market of about $12 billion by 2028. Nemetschek Group also increases its presence in North America and extends coverage across construction project stages.
Maintains Balance Sheet Flexibility for Growth
As part of the transaction, Nemetschek SE will hold about 72% of the Build and Construct segment, while Thoma Bravo will hold about 28% as a minority shareholder. Nemetschek will refinance existing HCSS debt and liabilities, adding about €450 million to its net debt position. The Build and Construct segment will remain within the group and be managed and consolidated by Nemetschek Group.
The transaction maintains Nemetschek’s balance sheet position and financial flexibility, including for targeted acquisitions. It provides for collaboration with Thoma Bravo in the AEC/O industry. The shareholder structure of Nemetschek SE remains unchanged.
Advances Growth Strategy with Synergy Potential
Nemetschek Group combines construction software and AI capabilities through the acquisition, increasing the scale of its Build and Construct segment. The deal broadens the segment’s software portfolio across construction workflows. Nemetschek Group combines HCSS data and customer access with its AI capabilities for construction workflows across office and field operations. The integration includes cross-selling and channel expansion and links project data for its customers. The deal extends Nemetschek Group’s presence in the global AEC/O market.
“With the acquisition of HCSS, a highly recognized technology leader in infrastructure and heavy civil construction, we are taking our next major strategic step forward,” said Yves Padrines, CEO of the Nemetschek Group. “We already hold a strong position in the building sector and are now further enhancing and scaling our position in the fast-growing infrastructure and heavy civil sector, which is underpinned by multiple structural growth drivers. This acquisition significantly expands our size and our total market opportunity, deepens our footprint in North America, and perfectly complements our existing portfolio of leading solutions in the Build & Construct segment. It will give us an even greater ability to innovate and expand our reach using our strong AI innovation abilities. We welcome Thoma Bravo as a partner and minority shareholder in the Build & Construct segment. We look forward to working with them and the HCSS team to unlock new growth opportunities in our Build & Construct segment and deliver even greater value to our customers and shareholders.”
“The Nemetschek Group has built one of the world’s most incredible customer- and product-centric company cultures,” said A.J. Rohde, a senior partner at Thoma Bravo. “The opportunity to merge HCSS with Nemetschek’s leading Build & Construct segment is a truly defining moment and we look forward to supporting the growth of the combined business. We have barely scratched the surface on the scale and speed of innovation that we can provide to customers of both companies, and we will work tirelessly together to fulfill the potential that the market deserves.”
“HCSS is a perfect fit for our Build & Construct segment,” said Usman Shuja, chief division officer of the Nemetschek Group’s build & construct segment. “Together, we can offer a best-in-class, end-to-end portfolio that enables customers to manage complex building and infrastructure projects with greater efficiency and confidence. By combining our complementary strengths, we will expand our global reach, accelerate AI-based innovation, and continue to deliver the trusted solutions our customers rely on in their daily work.”
“This is a defining moment for HCSS and for the customers we serve,” said Steve McGough, CEO of HCSS. “For decades, contractors have trusted our software to help them estimate more accurately, manage work more efficiently, and keep their teams safer. Being part of the Nemetschek Group will allow us to accelerate our long-term vision, expand what’s possible for heavy civil and infrastructure builders, and deliver even more innovation.”
The acquisition is expected to close in the second half of 2026. J.P. Morgan is serving as financial advisor, while Latham and Watkins and Hoffmann and de Vries are the legal advisors to Nemetschek Group.
Source: Nemetschek Group
About the Nemetschek Group
Nemetschek Group, founded in 1963 and based in Munich, Germany, is a global provider of software solutions for the architecture, engineering, construction, and operations (AEC/O) industries, as well as the media and entertainment sector. The company operates through four business segments: Planning & Design, Build & Construct, Manage & Operate, and Media & Entertainment. Its portfolio includes brands such as Allplan, Graphisoft, Vectorworks, Bluebeam, and Maxon, offering solutions for building information modeling (BIM), structural design, project collaboration, and 3D visualization. The company employs around 4,000 people and supports over 7 million users globally. Nemetschek Group continues to expand its presence in international markets, including in Saudi Arabia.
About HCSS
HCSS is a construction software company that develops tools for estimating, project management, safety, and equipment tracking. Its products include HeavyBid, HeavyJob, Equipment360, and related applications that manage bidding, job costs, field data, and fleet operations. The software supports contractors, subcontractors, infrastructure builders, and public agencies in heavy civil and utility construction. Founded in 1986, HCSS is headquartered in Sugar Land, TX. The company serves more than 4,000 customers, mainly in the United States and Canada, and employs about 700 people worldwide. Its systems connect office and field workflows across the project lifecycle, from preconstruction to closeout. Teams use shared project data to track costs, manage crews, and monitor equipment. The platform centralizes project information, allowing stakeholders to access current data and support project coordination and execution.
About Thoma Bravo
Thoma Bravo is a private equity firm that invests in software and technology companies through buyouts, growth capital, and credit strategies. The firm focuses on application software, infrastructure software, cybersecurity, and technology-enabled services. It works with enterprise software vendors and technology service providers across North America and Europe. Thoma Bravo was founded in 2008 and is headquartered in Chicago, IL. The firm operates additional offices in Miami, San Francisco, and London. It manages more than 75 portfolio companies globally and has completed numerous software-focused acquisitions. Thoma Bravo employs about 200 people worldwide.