HeidelbergCement acquires 45% stake in Command Alkon
Cement

HeidelbergCement acquires 45% stake in Command Alkon

Cement manufacturing major HeidelbergCement has acquired 45% in Command Alkon, a software and technology provider, to manage the construction materials supply chain.

Software private equity firm Thoma Bravo will hold the remaining 55% in the company. According to HeidelbergCement, Thoma Bravo is the biggest global software base in construction materials.

CEO of HeidelbergCement, Dominik von Achten, told the media that the company's goal is to become the first industrial technology in construction. The partnership can set up a standard for the heavy construction materials sector.

Investment in Command Alkon and partnership with Thoma Bravo would allow the company to monetise the assets and transform them into a new growth path, he said.

According to the industry sources, HeidelbergCement was paying $250 million for the stake, and as a whole was being valued at $1.7 billion in the transaction.

Previously, HeidelbergCement outlined a new corporate strategy on climate change and digitalisation in a bid to transform the company into one of the most carbon-intensive industries in the world.

The portfolio of Command Alkon includes software and technology for plants and site automation, scheduling and ordering materials, inventory and mix management, logistic and fleet optimisation, and office and site operations.

A senior official of Thoma Bravo shows excitement to partner with HeidelbergCement. He said that the company is an industry leader in digital transformation, to support Command Alkon's growth strategy and transform the heavy building materials industry.

Image Source

Cement manufacturing major HeidelbergCement has acquired 45% in Command Alkon, a software and technology provider, to manage the construction materials supply chain. Software private equity firm Thoma Bravo will hold the remaining 55% in the company. According to HeidelbergCement, Thoma Bravo is the biggest global software base in construction materials. CEO of HeidelbergCement, Dominik von Achten, told the media that the company's goal is to become the first industrial technology in construction. The partnership can set up a standard for the heavy construction materials sector. Investment in Command Alkon and partnership with Thoma Bravo would allow the company to monetise the assets and transform them into a new growth path, he said. According to the industry sources, HeidelbergCement was paying $250 million for the stake, and as a whole was being valued at $1.7 billion in the transaction. Previously, HeidelbergCement outlined a new corporate strategy on climate change and digitalisation in a bid to transform the company into one of the most carbon-intensive industries in the world. The portfolio of Command Alkon includes software and technology for plants and site automation, scheduling and ordering materials, inventory and mix management, logistic and fleet optimisation, and office and site operations. A senior official of Thoma Bravo shows excitement to partner with HeidelbergCement. He said that the company is an industry leader in digital transformation, to support Command Alkon's growth strategy and transform the heavy building materials industry. Image Source

Next Story
Equipment

Godrej Material Handling Leads East India with 21% Market Share

The Material Handling business of Godrej & Boyce, a part of Godrej Enterprises Group, is powering industrial growth in Eastern India marking over 60 per cent Y-o-Y growth in the Jamshedpur region for FY25. Solidifying its market leadership, the business commands a dominant 21 per cent market share in the Eastern region, serving as a crucial enabler for the region’s manufacturing sector. At the Indomach Expo in Jamshedpur, the business is showcasing its next-generation forklift to meet evolving needs of Eastern India’s industrial corridor. Jamshedpur, Eastern India’s industrial po..

Next Story
Equipment

Mecbo America Launches Scorpion Concrete Crawler Boom

Mecbo America, a division of Blastcrete Equipment LLC, brings a new product to its lineup: the Scorpion Concrete Crawler Boom. The Scorpion provides contractors working in piling, drilling, tunnelling or commercial construction with a flexible arm for placing concrete where needed without disrupting the jobsite. It is an economical enhancement for contractors who have a concrete pump but need an effective way to deftly move material to spots that are difficult or unsafe to reach using other methods.“As concrete contractors grow and the scope of their work changes, many recognize the need for..

Next Story
Infrastructure Urban

REC Flags off Mobile Medical Units Funded in Punjab

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, under its flagship CSR initiative Mobile Medical Units has committed Rs 42.9 million for the procurement and deployment of four Mobile Medical Units (MMUs) in 4 districts of Punjab. These units, handed over to the Indian Red Cross Society, Punjab, were flagged off by Hon’ble Governor Shri Gulab Chand Kataria Ji at Punjab Raj Bhawan.Serving as a lifeline for deprived communities, the MMUs will provide essential healthcare across four districts. REC Foundation continues to expand its CSR footprint, with various Mobil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?