Infobric closed the acquisitions of EquipmentLoop and Buildsafe
In November, Infobric closed the acquisitions of EquipmentLoop and Buildsafe, two fast-growing Swedish construction software companies. This strong focus on software-led growth and M&A has transformed Infobric into one of the largest SaaS companies in the Nordics.
EquipmentLoop offers a disruptive platform for visualizing, managing and reviewing usage of equipment and temporary material on the construction site – saving up to 30% of equipment rental costs. Buildsafe offers a single tool for the entire construction project to report, resolve, and analyze risks and disturbances, reducing both incidents and time to resolution and increasing construction site safety.
With the addition of these two SaaS companies, Infobric covers an ever-increasing part of the construction site value chain and lays a foundation for boosting future organic growth through a joint product roadmap and integration onto the Infobric Ease platform. Infobric’s M&A execution now enables the company to connect both off-road (EquipmentLoop) and on-road (TelliQ) track and trace solutions with construction site software, including access and attendance solutions and enhanced HSEQ reporting trough Buildsafe. The combination of these solutions has already enabled the development of a robust vendor control portal, with more features and solutions ahead.