MRI Software LLC acquisition of Trimble Inc. and Trimble Information Technologies India Private Limited advised by AZB & Partners
MRI Software, a global leader in real estate software, has acquired Trimble Inc. and Trimble Information Technologies India
MRI Software LLC acquisition of Trimble Inc. and Trimble Information Technologies India Private Limited advised by AZB & Partners MRI Software, a global leader in real estate software, has acquired Trimble Inc. and Trimble Information Technologies India Private Limited. The close of the deal bolsters MRI's workplace management offering with robust space scheduling, booking and...
MRI Software LLC acquisition of Trimble Inc. and Trimble Information Technologies India Private Limited advised by AZB & Partners
MRI Software, a global leader in real estate software, has acquired Trimble Inc. and Trimble Information Technologies India Private Limited. The close of the deal bolsters MRI's workplace management offering with robust space scheduling, booking and facilities management capabilities, complementing its comprehensive lease accounting and administration solutions for commercial real estate owners, operators and occupiers worldwide.
Rob Painter, President and CEO of Trimble said in a Press release, "As we work on the execution of Trimble's Connect and Scale 2025 strategy, we are continually evaluating our portfolio of businesses. Trimble is refocusing its efforts on the company's core Connected Construction capabilities, making MRI an ideal fit for the real estate and workplace solutions business."
Suresh Sundaram, General Manager of Trimble Real Estate Solutions, said: "There is a real synergy between Manhattan's offering and MRI's occupier solutions that will benefit the clients of both businesses – and indeed any corporate occupier. Manhattan will gain from joining a larger organization committed to investing in innovative real estate technology. Both companies have a tremendous commitment to enabling finance and real estate teams to better manage their lease portfolios while maintaining compliance with global lease accounting standards, including FASB, IASB, and GASB."
MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI's comprehensive, flexible, open and connected platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets.
AZB & Partners advised MRI Software LLC AZB & Partners advised MRI Software LLC on the Indian aspects of the transaction.
The team from AZB & Partners comprised of Ashwath Rau (Partner); Apeksha Mattoo (Senior Counsel) and John Adwet Raghav, Rashmee Kumar and Abhipsita Kundu (Senior Associates).