With 13 percent of global GDP, the construction industry is the largest industrial sector in the world. In terms of the degree of digitalisation and an annual productivity growth rate of only 1 percent, the industry is lagging. Global initiatives to completely digitise the entire life cycle of construction projects, from designing and building to operating, will lead to fundamental disruption in the construction industry. Thinkproject already offers solutions to avoid time and cost overruns, thus minimising these considerable risks in the industry. 

Reference projects that were or are being realised with the help of Thinkproject’s platform include BMW World in Munich, the Fehmarnbelt Tunnel between Germany and Denmark, Elbe Philharmonic Hall in Hamburg, Hong Kong International Airport, and more.  

“Thinkproject has delivered an impressive growth story through organic growth and strategic acquisitions in a highly fragmented market. The digitalisation of the construction industry offers enormous growth opportunities, we are only at the beginning of a disruptive change. EQT will use its entire platform, including its digital and sustainability expertise, its local presence, its domain expertise and its network to further accelerate Thinkproject’s expansion. We look forward to working with TA Associates and Thinkproject’s management team to create a global champion who will lead the way and pioneer the digitisation of the world’s largest industry.”
Florian Funk, Partner at EQT Partners and Investment Advisor for EQT

 

Morgan Seigler, Managing Director at TA Associates adds: “Since our investment four years ago, the Thinkproject management team has demonstrated an exceptional commitment to the company’s strategic growth initiatives and customers. We believe that these efforts have helped Thinkproject transform into Europe’s leading SaaS provider of construction intelligence solutions for the AECO industry. We are thrilled to welcome EQT as our new partner, and we look forward to working with them alongside Thinkproject’s management team during the company’s next phase of growth.”