A person 12 months back, Hilti acquired Fieldwire, a U.S.-primarily based jobsite administration application business, to bolster its offerings as the electronic transformation associate of selection for its consumers. This strategic acquisition, valued at USD 300 million, was designed to cement the company’s vision of turning into a world wide leader in jobsite productivity.
Fieldwire is on a mission to come to be the world’s most trusted industry management remedy for development groups on projects of any scale. It at present powers a lot more than 1 million commercial, industrial, large civil and household assignments at some of the greatest development businesses in the world.
The previous year has viewed the Fieldwire crew doing work very carefully with their Hilti counterparts to chart out a plan for Fieldwire’s world wide start. (Read: Fieldwire + Hilti: Acquisition Announcement)
Off to a great start out in key marketplaces
The income team launch kicked off in August 2022 for the U.S. market, in which Fieldwire now had a strong presence and solid customer foundation. In September, Fieldwire software package was then efficiently launched in the EU, wherever it captivated a remarkable quantity of consumer and media curiosity. Fieldwire can now totally leverage Hilti’s expert profits workforce in crucial markets to acquire larger prospects for client acquisitions and brand consciousness.
Fieldwire’s options have discovered widespread acclaim in the marketplaces exactly where they have been introduced even though the main workforce has been doing the job carefully with the staff at Hilti to get a further comprehension of shopper expectations and to tailor their answers accordingly.
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Jan Doongaji, who will believe the place of Hilti Team CEO in 2023, said: “Strategically, the acquisition has opened up a amount of strategies for us to much better serve our shoppers. It has been a acquire-acquire for the two functions, whether in conditions of new enterprise prospects or long term development plans. With the mixed power of technologies and the immense methods that Hilti delivers as a team, we are anticipating Fieldwire to grow a great deal more rapidly in several present and new markets. Hilti has often had a standing for creating substantial-good quality hardware, software program and solutions, and Fieldwire seamlessly matches into what is previously a robust ecosystem that has continually sent outstanding benefit to our stop customers”.
Yves Frinault, CEO and co-founder of Fieldwire, said that “Fieldwire has received substantial momentum due to the fact the acquisition. Our staff has more than doubled in measurement to arrive at 300 users. Mixed with the important operational autonomy that Hilti has granted us, we are moving really speedy, and this is translating into terrific product or service developments for all customers. On the advancement side, irrespective of a tricky world-wide company environment, Hilti has been unwavering in its guidance. We are effectively on our way to reaching distribution on a world-wide scale as Hilti continues to mobilize its revenue teams.”
Georg Connert, Head of Program & Expert services Business Unit, extra: “Fieldwire has been the ideal addition to Hilti owing to their fantastic item and their top emphasis on building the development marketplace much more successful and lucrative. The past calendar year has been incredibly interesting when it arrives to understanding the synergies involving both equally organizations. Relocating ahead, I can clearly see that Fieldwire will entry a entire new established of consumers and subsequently make a good deal far more price for them by leveraging Hilti’s immediate revenue pressure.”
Hilti’s collaborative business tradition has assisted develop an atmosphere where its workforce is consistently in touch with clients. These types of working day-to-working day interactions supply a must have insights that can be used to make superior items and remedies that clients truly need.
1 calendar year following the acquisition, the partnership concerning Fieldwire and Hilti can only be looked at as the to start with chapter of a wonderful good results tale. From a strategic viewpoint, and also from their customers’ issue of view, the acquisition has developed a gain-get predicament in which equally Fieldwire and Hilti now have the capability to offer you unmatched worth in conditions of components and program remedies that make existence less complicated for all stakeholders.