Admicom Acquires Estonian IT Company Bauhub OÜ
December, 2024 - Estonia
Admicom Oyj’s subsidiary Tocoman Oy has signed an agreement to acquire Estonian IT company Bauhub OÜ, a developer of SaaS workspace for construction project management.
“I’m thrilled that Admicom has acquired a unifying element to our offering that enables a substantial leap towards our vision of becoming a leading partner in European construction software ecosystem. Our market leading project management solutions will be unified through Bauhub into one comprehensive and modular suite. For our customers this creates end-to-end control and visibility to construction projects on a whole new level. All stakeholders of the building project can be connected to the same platform for information, collaboration, and overview of their projects, enhanced in the near future with Admicom’s AI technology. At the same time the acquisition will strengthen our value proposition and competitive edge in the domestic and international markets,” said Jari Kangassalo, Head of Admicom’s Project Management Business.
Founded in 2016, Bauhub develops cloud-based software for project-level collaboration, task and workflow handling, file and document storing, and information sharing, specifically tailored for the construction industry. Bauhub’s software enables easy, flexible and efficient management for the entire lifecycle of the projects, providing real-time visibility, transparency and coordination for all project participants.
Admicom Oyj is a Finnish company specializing in software and services for the construction industry, building services engineering, and manufacturing sectors. Admicom’s shares are listed on the Nasdaq First North Growth Market Finland.
COBALT provided comprehensive advisory services to the shareholders of Bauhub throughout the transaction process. This included deal structuring, negotiation support and preparation of transaction documents.
The project was led by Specialist Counsel Madis Reppo, with key contributions from Partner Peeter Kutman, Specialist Counsel Tõnu Kolts and Junior Associate Ken Saksniit.
