APROPLAN, GenieBelt Merge Into New Construction Tech Company
To serve the world’s second-biggest industry, Brussels-based APROPLAN and Copenhagen-based GenieBelt merged all their activities to form a new construction technology company, LetsBuild. LetsBuild’s 120 employees will provide cloud and mobile solutions for construction companies in 35 different countries around the world. As part of the merger, the company is closing a funding round from existing investors Fortino, Inventure, Enern, Solar A/S, and Nordic Makers.
Established on the foundation that cloud, mobile, and data-delivering technology can rectify excessive waste and time and budget overruns in the construction industry, LetsBuild will operate from headquarters split between Brussels and Copenhagen. Before the merger, the companies grew with a combined growth rate of 75% in 2018. The plan is to continue this rapid growth as the construction industry increasingly embraces cloud and mobile solutions to support their on-site planning, communication, and follow-up.