Thursday, March 24, 2016

Aconex Agrees to Acquire Conject and Launches Capital Raising

March 17, 2016

Acquisition Will Provide Strong Construction Collaboration Market Footprint throughout Europe

MELBOURNE, Australia, 17 March 2016 – Aconex Limited (ASX: ACX), provider of a leading cloud and mobile collaboration platform for the global construction industry, today announced an agreement to acquire Conject Holding GmbH, a leading cloud and mobile collaboration service provider in Europe and other regions, for a total cash consideration of 65 million (A$96.0 million).1 The transaction is expected to close on or about 31 March 2016, subject to customary closing conditions, including approval by Germany’s Federal Ministry of Economics and Technology. 

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