AVEVA invests in fabrication management software for structural steel fabricators
Cambridge, UK –1 June 2015: AVEVA today announced that it has agreed to acquire FabTrol Systems, Inc. (“FabTrol”) from the Dowco Group of Companies (“Dowco”). The acquisition is expected to complete Friday 26 June 2015.
FabTrol is a software business, headquartered in Eugene, Oregon with operations in North America and the United Kingdom, providing fabrication management software to the steel fabrication industry.
The combination of the FabTrol software together with AVEVA Everything3D™, which is already integrated with AVEVA Bocad™ structural steel detailing software, creates a powerful design, detailing and fabrication solution. The FabTrol software expands AVEVA’s fabrication portfolio and provides integration across the steel fabrication value chain.
At the centre of the FabTrol software is a highly versatile estimating, material management and production control solution designed to automate and integrate key operations for steel fabrication companies. The benefits of the FabTrol software include faster bid preparation, more accurate and consistent estimating, reduced material and labour costs and improved end-product quality.
Richard Longdon, CEO, AVEVA, commenting on the acquisition, said, ‘In 2012, AVEVA acquired the industry’s most technically advanced steel detailing solution, Bocad. FabTrol is an obvious extension to our portfolio, positioning AVEVA to offer an end-to-end solution for steel design, detailing and fabrication. This latest acquisition is a positive step to enable us to significantly grow our footprint in the strategic fabrication market.’
About FabTrol Systems, Inc.
FabTrol is a software business, headquartered in Eugene, Oregon with operations in North America and the United Kingdom, providing fabrication management software to steel fabricators.
FabTrol has a well-established market position with 1400 customers globally with a particularly strong install base in North America. FabTrol is trusted to manage key process and operations within some of the world’s largest construction companies
About AVEVA
For over 45 years, AVEVA software has enabled the creation of some of the world’s most complex power and process plants, vessels and offshore facilities. AVEVA’s Digital Asset approach ensures there is always an accurate digital representation of each physical asset. This allows engineering contractors, owner operators and ship builders to work safer, more efficiently and with less risk throughout the life cycle of their projects and operations. For further information please visit www.aveva.com/ednotes