GHz Partners advises shareholders of thinkproject! on a joint venture with ProjectCenter
.png)
ProjectCenter joint venture with thinkproject!
September 2016
GHz Partners is pleased to announce that it acted as the exclusive financial advisor to the shareholders of thinkproject! on a joint venture with ProjectCenter. Munich-based SaaS construction collaboration technology vendor thinkproject! established a joint venture with Madrid-based ProjectCenter through its Spanish unit thinkproject! Iberia, to target customers in Spain, Portugal and Latin America.
Launched in 1998, ProjectCenter was the first online collaboration / project management application specifically designed for the construction and engineering sector in the Iberian Peninsula and has successfully helped thousands of projects in the optimization of communication and collaboration in their workflows.
It has been used by public and private entities, construction companies, engineering companies and consulting companies. Its clients include, among others, Acciona, Bouygues, Enel Group, IKEA, Mercadona, Tecnicas Reunidas, URS- Aecom, Valoriza with projects both inside and outside of Spain.
Financial terms of the transaction were not disclosed.