M&A Deal Summary

Hilti Group Acquires Concrete Sensors

On March 11, 2020, Hilti Group acquired technology hardware company Concrete Sensors

Acquisition Highlights
  • This is Hilti Group’s 1st transaction in the Technology Hardware sector.
  • This is Hilti Group’s 1st transaction in the United States.
  • This is Hilti Group’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2020-03-11
Target Concrete Sensors
Sector Technology Hardware
Buyer(s) Hilti Group
Deal Type Add-on Acquisition

Target

Concrete Sensors

Cambridge, Massachusetts, United States
Concrete Sensors is a provider of connected smart devices, software, and services that help enable improved decision making and accelerated construction schedules through better understanding of the concrete curing process. Concrete Sensors was established in 2015 and is based in Cambridge, Massachusetts.

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Buyer(S) 1

Buyer

Hilti Group

Schaan, Liechtenstein
Category Company
Founded 1941
Sector Information Technology
Employees25,000
DESCRIPTION

Hilti Group make and design major-edge technology, software and services, which power the professional construction industry. Company offer a 360 degrees service to build from software for design, products and tools for work onsite to training, repairs, testing and consultancy. Company are one-stop shop for building, worldwide. Company global, based in over 120 countries with more than 25,000 employees.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-02 Øglænd System

Kleppe, Norway

Øglænd System develops, manufactures, and sells multidiscipline support solutions, cable trays, and cable ladders worldwide to the oil & gas, infra­structure, shipbuilding, wind power, water treatment and clean room industries. These solu­tions deliver added value through reduced installation time, maximized volume utilization, weight reductions, enhanced life-time integrity and improved safety performance. Øglænd System was formed in 1977 and is based in Kleppe, Norway.

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