Byggfakta Group acquires construction technology platform NBS with backing from Stirling Square Capital Partners and TA Associates.
The acquisition marks Byggfakta Group's entry into the UK market and provides capital to accelerate product development and international expansion.
NBS is a construction technology platform that provides information, software solutions, and digital tools for specifiers, manufacturers, and contractors. The firm operates from Newcastle and has expanded its international footprint into Canada and Australia.
Construction technology platform NBS has joined the Byggfakta Group in an acquisition deal backed by private equity firms Stirling Square Capital Partners and TA Associates. The transaction marks Byggfakta Group's initial expansion into the UK market and follows recent European acquisitions in Portugal and Switzerland.
NBS has transitioned its offerings into cloud-based software solutions, namely NBS Chorus and NBS Source, while growing its international presence. The partnership with Byggfakta aims to accelerate product development and support broader international expansion.
Executive Chairman Colin Smith noted that the construction sector has seen an acceleration in technology adoption. The deal provides substantial financial backing to help scale operations and introduce products to new markets.
From the founder
"We are delighted to be joining the Byggfakta Group."
Colin Smith
Executive Chairman at NBS
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
NBS
NBS provides construction technology platforms and software tools for the building industry.