Aconex Limited
Aconex Completes Acquisition of Conject

DGAP-News: Aconex Limited / Key word(s): Mergers & Acquisitions

2016-04-05 / 14:59
The issuer is solely responsible for the content of this announcement.

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MELBOURNE, AUSTRALIA, and MUNICH, GERMANY -- (Marketwired) --
04/05/16 --  Aconex Limited (ASX: ACX), provider of a leading cloud
and mobile collaboration platform for the global construction
industry, today announced that the acquisition of Conject Holding
GmbH, announced on 17 March 2016, was completed with effect on 1
April 2016. 

Conject is a leading cloud and mobile collaboration service provider
in Europe and other regions. The acquisition is expected to be
significantly accretive to Aconex earnings per share (EPS) for the
financial year ending 30 June 2017, excluding the amortization of
intangibles related to the acquisition and one-time transaction and
restructuring costs.

Completion of the acquisition follows the satisfaction or waiver of
conditions precedent and other completion requirements. These
requirements included financing of the acquisition through an
institutional placement of new Aconex ordinary shares. 

On 17 March 2016, Aconex raised approximately $120.0 million through
the issue of approximately 23,076,924 fully paid, ordinary shares at
an issue price of $5.20 per share. In addition to the acquisition of
Conject for a total cash consideration of EUR 65 million (A$97
million)(1), the proceeds of the placement will be used to fund
one-time acquisition and integration costs and provide additional
working capital for the Aconex group.

'We're pleased to have completed the acquisition of Conject, and we
look forward to welcoming their employees, integrating their
operations and serving their customers,' said Aconex CEO Leigh
Jasper. 'The transaction will significantly expand our market
penetration and user network throughout Europe, and further
consolidate our position as a leader in the global market for
cloud-based construction collaboration solutions.'

Mr. Jasper continued, 'In addition to driving Conject's revenue
growth within the combined business, we believe that we can greatly
improve their operating performance and margins over time by
leveraging our global infrastructure. The acquisition reinforces our
strategic focus of growing the network, expanding product breadth and
driving scale, and we expect it to deliver long-term value to Aconex
customers and shareholders.'

About Aconex
 Aconex Limited provides a leading cloud collaboration
platform for the global construction industry. This platform connects
owners, contractors and their project teams in the construction,
infrastructure, and energy and resources sectors, providing
project-wide visibility and control between the many different
organizations collaborating across their projects. With more than
60,000 user organizations and over $1 trillion of project value
delivered in more than 70 countries, Aconex is the industry's most
widely adopted and trusted platform. Founded in 2000, Aconex has 41
offices in 22 countries around the world, including headquarters in
Melbourne, Australia and San Francisco, California. The company's
ordinary shares are traded on the Australian Securities Exchange
(ASX) under the ticker code ACX.

Supporting Resources
 For more information on Aconex, please visit:


--  Website: http://www.aconex.com
--  Twitter: http://www.twitter.com/aconex
--  LinkedIn: http://www.linkedin.com/company/aconex
--  Facebook: https://www.facebook.com/Aconex



About Conject
 Conject, the Infrastructure Lifecycle Management (ILM)
Group, was founded in 2000 and is today a leading provider of
enterprise and project collaboration solutions to the largest
construction and infrastructure markets in Europe, which in the
aggregate constitutes the largest regional market after Asia.
Headquartered in Munich, Conject currently has approximately 210
employees located in 12 offices in nine countries. The company has
served large, complex capital projects throughout Europe and other
regions, with a customer base of more than 670 asset owners/operators
and contractors and users in approximately 50 countries. Major
customers include ArcelorMittal/Nippon Steel and Stiftung Zollverein
in Germany, Bank Austria, the National Grid and the University of
Manchester in the U.K., Groupe Vinci and BNP Paribas Residentiel in
France, Mace in Poland, Spectrum Holding in Russia, Hyundai in the
United Arab Emirates, and Changi Airport Authority in Singapore.

(1) Conversion from EUR to AUD at 0. 6704. 






News Source: Marketwire


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2016-04-05 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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     Language:    English         
     Company:     Aconex Limited  
   
   
                  Australia       
     ISIN:        AU000000ACX1    
   
   
     End of News    DGAP News Service