COPENHAGEN - 07/30/2019 (PRESS RELEASE JET)
Brussels based APROPLAN and Copenhagen based GenieBelt have agreed to merge all their activities to form a new company, LetsBuild. LetsBuild will have 120 employees and service thousands of construction companies in 35 different countries around the world with cloud and mobile solutions.
Both companies were established a handful of years ago on the foundation that cloud, mobile and thirst for data provide a new basis for delivering technology to the construction industry that can significantly rectify the current problems of excessive waste and time and budget overruns in the world’s second biggest industry.
CEO of the new company, Klaus Nyengaard, who is co-founder and former CEO of GenieBelt, says about the logic behind the merger that “GenieBelt and APROPLAN both have unique solutions for many of the challenges in the capital heavy construction phase, and our solutions are complementary”.
Thomas Goubau, co-founder and former CEO of APROPLAN, will be CCO of LetsBuild and adds, “We expect significant commercial synergies, since our sales reach is also complementary, so our existing customers will have access to a broader range of innovative solutions to cover all core processes in the build phase”.
LetsBuild will operate with from headquarters split between Brussels and Copenhagen. Before the merger, the companies grew with a combined growth rate of 75% in 2018, and for the coming years the plan is to continue this rapid growth as the construction industry increasingly is embracing cloud & mobile solutions to support their on-site planning, communication and follow-up.
As part of the merger, the company is closing a funding round from the existing investors which include Fortino, Inventure, Enern, Solar A/S and Nordic Makers.
For further information please contact:
CEO Klaus Nyengaard, firstname.lastname@example.org
CCO Thomas Goubau, email@example.com
APROPLAN is the leading Belgian construction management app that provides digital solutions for construction, facilities management and construction-related processes. It has been used successfully in construction collaborations of different scales, BIM-integrated ventures, and in projects that demand strict building compliance. APROPLAN helps firms ease into the digital built environment while increasing project efficiency and boosting profits.
GenieBelt, founded in 2013, is headquartered in Copenhagen. The company provides real-time communication and collaboration software to construction projects of any size, improving the way people communicate, collaborate and organise themselves. Activity updates are reported directly from site and the project schedule is updated at all times. GenieBelt is used on projects all over the world.
|person_outline||Full Name:||Klaus Nyengaard|
|mail_outline||Email: Send Email|