Construction software specialist Elecofost has acquired Shire Systems Ltd, a leading UK maintenance management software provider, for an enterprise of £5.1 million. The acquisition extends Elecosoft’s product usage beyond early planning, design and construction by providing a system for managing and maintaining equipment and property.
“This acquisition enhances our customers’ ability to manage building complexities simply and digitally. Shire Systems allows Elecosoft to offer building and construction software on a cradle-to-grave basis from design, planning and project management through to facilities and property management,” said Jonathan Hunter, chief operating officer at Elecosoft.
“We chose to acquire Shire Systems as it’s a market-leading CMMS technology which allows users to effectively run their buildings and manufacturing plants. The team at Shire are highly customer focused and we look forward to the benefits its complementary tech will offer our customers,” he continued.
Shire Systems is the developer of Pirana, a computerised maintenance management system that allows companies to improve facilities management, reduce costs and increase productivity. It also acts as a ‘digital doctor’ for buildings and equipment, keeping them running smoothly and in good health.
Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US.
Elecosoft’s market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany, with its software solutions covering project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions. Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO).
Based in Southampton, Shire Systems has been an established player in the Maintenance Management market for over 30 years and employs 15 staff.