The Hilti Group says is taking the next strategic step to further expand its software business and plans to acquire 4PS Group, which specializes in providing business management (ERP) solutions. ERP, or enterprise resource planning, is an integrated business management system.
The 4PS solution allows Hilti to expand beyond its ON!Track platform for digital tool-tracking and asset management.
Together, Hilti and the 4PS Group can strengthen their position to drive the digital transformation of the construction industry. With more than 70,000 daily users in the building construction, civil engineering and installation sectors 4PS has gained a strong reputation for the breadth of its industry expertise.
“Construction projects are complex, and administrative tasks take up a large amount of time. All the more reason for us to digitalize processes and make information easily and quickly available,” said Thomas Hillbrand, a member of the Hilti Executive Board.
The 4PS solution allows Hilti to expand its software offering beyond asset management (ON!Track) and job-site management (Fieldwire) and to provide integrated solutions that cover the entire value chain of its customers.
The software
The 4PS Construct software, based on Microsoft Dynamics 365 Business Central, offers construction-specific functionalities that enable companies to manage the entire construction project life cycle. This allows construction companies to take control of their profitability by monitoring margins, forecasting results, controlling resources and planning effectively.
Hilti and 4PS Group customers will benefit from a wide range of software solutions from a single provider with a long-term orientation and a strong commitment to innovation. The partnership with Microsoft remains a cornerstone for future business process management solutions.
“We are looking forward to joining forces with Hilti,” says Johan Bakker, director of Sales & Marketing at 4PS Group. “Like Hilti, we understand our customers’ challenges and offer direct advice and support in implementing our innovative software solutions. It is an important next step to be able to take a leading role in the European market.”
Both parties have signed the acquisition agreements, subject to approval by oversight authorities. Hilti is committed to retaining the more than 350 team members, including management, in their current roles, where they will continue to develop new solutions. The shareholders of the company, Wim Jansen, André Overeem and Martin Westerink, will remain on the Board of Directors to support the integration in the coming years.
Filed Under: Fastening + joining