EarningsIt’s not even dawn here in Boston and I’m at the airport, waiting to board a flight to Las Vegas and the Hexagon user conference — and this comes into the inbox on my phone:

AVEVA will acquire FabTrol Systems, Inc. from the Dowco Group of Companies later in June. I’m not familiar with FabTrol, but a quick Google says it’s fabrication management software for steel fabrication. It’s an interesting addition to the Bocad structural steel detailing software, which was acquired a couple of years ago. Bocad is all about the detailing –fabrication instructions– while it appears that FabTrol is more on the business end: estimating, material management and production control. According to AVEVA, “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”.

AVEVA will pay $6.5 million in cash for FabTrol, using existing cash resources. FabTrol is a US company, with 1400 customers globally.

More soon.