Merger Notification - Announcement according to § 10 Cartel Act
Nemetschek SE; Thoma Bravo, L.P.; HCSS Ultimate Parent, LLC; Build and Construct LLC
BWB/Z-7316
On 11.05.2026 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Nemetschek SE (Germany) intends to indirectly acquire more than 50% in and sole control over, and Thoma Bravo, L.P. (USA) intends to indirectly acquire a stake of more than 25% in Build and Construct, LLC (USA). Nemetschek SE will contribute its current subsidiaries NEVARIS, GoCanvas and Bluebeam to Build and Construct, LLC and Thoma Bravo will contribute
its current portfolio company HCSS to Build and Construct, LLC.
The concentration concerns enterprise software for architecture, engineering, and construction businesses.
Affected Industry: Computer Programming Activities.
K - TELECOMMUNICATION, COMPUTER PROGRAMMING, CONSULTING, COMPUTING INFRASTRUCTURE AND OTHER INFORMATION SERVICE ACTIVITIES K 62 - Computer programming, consultancy and related activities, K 62.1 - Computer programming activities, K 62.10 - Computer programming activities
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 08.06.2026.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 09.06.2026 .