Northern European commercial property firm Newsec has acquired building information modelling firm Zynka BIM, as it continues to expand its Newsec digital accelerator programme.
Zynka has around 50 employees and delivers innovative digital solutions across every step of the real estate business, from project development to asset management.
Patrik Attemark, CEO, Newsec said: 'This is the next exciting step taken by our digital initiative Newsec digital accelerator.
'Newsec and Zynka complement each other well and together we create an industry-leading complete solution to accelerate our customers' digital transformation and give property owners significant opportunities to improve both sustainability, tenant satisfaction and net operating income.'
In recent years, Newsec has seen strong growth, both organically and through acquisitions. With more than 2,400 employees in the four business areas of property asset management, advisory, investment management and energy transition, Newsec is currently the largest player in the Nordic and Baltic countries.
Added Petter Bengtsson, CEO, Zynka: 'With Newsec as our owner, we create a unique position in the market, where Zynka and Newsec merge and can offer digital cutting-edge expertise and solutions to jointly drive the digitalisation of the construction and real estate industry forward.
'We complement Newsec's broad offering and gain access to 9,000 properties in all markets where Newsec is present.'
Newsec has assets totalling a value of €68 bn distributed over 50 million m2 under management. Together with Zynka, Newsec will be able to further strengthen its offer within advisory, project management and tools for digital building.
'Through the acquisition of Zynka, Newsec adds solid expertise in BIM, GIS and digital twins in combination with a leading platform for creating and managing digital buildings.
'We are now enabling property owners to become more data-driven and start their digitalisation journey today. With a digital representation of the building, information is visualised, and the property owner gets access to insights about, for example, surface use and indoor climate,' concluded Christoffer Börjesson, head of Newsec digital accelerator, Newsec.