Nemetschek to Buy Thoma Bravo’s HCSS in €2 Billion-Plus Deal

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By Crystal Tse, Eyk Henning, Ryan Gould, and Swetha Gopinath

April 13, 2026 at 7:09 PM UTC

Updated on

April 14, 2026 at 9:50 PM UTC

Nemetschek SE agreed to acquire construction management software provider Heavy Construction Systems Specialists from Thoma Bravo.

HCSS will become part of the Munich-based engineering software company’s Build segment, according to a statement Monday, confirming an earlier Bloomberg News report. Yves Padrines, chief executive officer of Nemetschek, confirmed the deal values HCSS at more than €2 billion ($2.4 billion), or slightly above 20 times its 2025 earnings before interest, taxes, depreciation and amortization.