NBS has entered the next phase of its development after being acquired by the Byggfakta Group, the European leader in construction technology. Byggfakta Group is a leading data and software provider to the construction industry and is backed by private equity firms Stirling Square Capital Partners and TA Associates.
About NBSNBS has a rich 50-year history in the UK and a long track record in providing information and tools to the construction industry. In recent years NBS has transformed into a leading Software as a Service (SaaS) provider. The NBS platform brings together designers, manufacturers, contractors and anyone involved in the construction cycle, to improve project decision making, drive product specification and provide critical insights, through a unique suite of digital tools that have received significant investment. NBS Chorus and NBS Source were developed from legacy, on-premise products into the company's flagship cloud-based solutions.
NBS has grown significantly in the last two years, both organically and via acquisitions, resulting in increased international revenues. NBS has established bases in both Canada and Australia, and alongside the recent acquisition of SCL Schumann and Ezyspec in Australia, is well positioned for future global growth.
Headquartered in Newcastle, UK, NBS will continue as a prominent brand in the construction space, and increased investment will boost product development and international expansion plans. The company will continue its long-standing partnerships with RIBA. In Australia, NBS is a National Supporting Partner of the Australian Institute of Architects.
About ByggfaktaByggfakta Group’s first expansion to the UK follows the recent investments in Vortal in Portugal and Olmero in Switzerland. The NBS investment will enable Byggfakta Group to broaden its scope both geographically and functionally, and to strengthen its position as a leading data and technology provider to the construction industry, spanning project information, product information, specification, e-tendering, and e-billing.
Accelerating digital technology in construction
Colin Smith, Executive Chairman, NBS, says, “We are delighted to be joining the Byggfakta Group. 2020 saw an acceleration of technology adoption in the construction sector, which is set to continue for years to come. NBS has benefited from this trend and will continue to keep pushing ahead of the curve. Partnering with Byggfakta Group and its investors is an exciting development that will give us the support we need to scale up further and faster. NBS will be taking its products to new markets and will continue to improve its offering to existing customers.”
“We will continue serving our customers with our existing products and services, but with the reach of a significant industry player and substantial financial backing. 2021 will be extremely exciting as we push on with new developments and enter into new markets.”