We're delighted to announce the acquisition of Lifecycle Technology Ltd, a global technology and consulting firm, based in the UK, that focuses on delivering information management solutions to the engineering, construction and asset intensive industries. The acquisition will strengthen our deep digital capabilities and offerings to the capital projects market.
Lifecycle Technology Ltd (LCT) provides expert solutions and knowledge of the end-to-end lifecycle of capital projects and programs for critical engineering data and processes. LCT enables clients to manage constraints more effectively and improve project delivery outcomes by designing, configuring, and automating construction and engineering processes in systems, such as Oracle Primavera Unifier, Oracle AutoVue, and Oracle Primavera P6.
The LCT acquisition is aligned to our vision of taking an evidence-based approach to capital projects, the same vision that made us one of the fastest-growing private companies in the world, and the only global professional services firm specializing in capital projects improvement.
“Engineering, procurement and construction firms, and the construction industry in general, are demanding digital solutions that transform business operations,” said our CEO Jordan Cram. “LCT’s accelerators will enhance our tech-enabled project controls implementation services, resulting in an increase in engineering and design productivity, as well as profitability for our clients.”
Cram continued, “This acquisition extends our deep and strategic partnership with the Oracle Construction and Engineering Global Business Unit (CEGBU) and our expertise in the Primavera suite of applications.”
“LCT was set up to deliver digital solutions which overcome many of the inefficiencies and collaboration challenges that exist in complex engineering and construction projects,” said Ian Thornton, Director at LCT. “Enstoa shares this vision and has the broad reach in the market to deliver and accelerate our ability to scale. This will support our clients to build a more productive, digital future.”
Jason Matthews, CEO at Lifecycle Technology Holdings said, “This is great move for our capital projects business and the team, integrating and extending the capabilities with Enstoa to service a growing global client list. I wish the team well and on to a new chapter in the life of the business. Our other lines of business will remain unchanged by this acquisition.”
You can also view the official press release at PRNewswire