Felix Group acquires Nexvia for $12 M, DFW Terminal F Expansion

Snapshot

Here’s what stood out in the AEC world: Innovation Next set six prefabricated modules for DFW’s Terminal F expansion, while AI Builder Company launched an estimating platform and ICON, BIG. Funding news include Felix Group’s $12m acquisition of Nexvia, and Albi’s Series B.

AEC Tech in Action

Innovation Next achieves modular delivery for DFW Terminal F expansion: Innovation Next successfully transports and sets six prefabricated modules for Dallas Fort Worth International Airport's Terminal F Expansion, marking a significant modular construction achievement. (turnerconstruction.com)

New Innovations and Partnerships

AI Builder Company launches AI platform for construction estimating: AI Builder Company introduces an AI-driven platform to automate construction takeoffs, enhancing efficiency and accuracy in estimating. (financialcontent.com)

Esri Ireland partners with Murphy Geospatial: Esri Ireland has announced a partnership with Murphy Geospatial to enhance geospatial data capabilities for infrastructure projects in Ireland. (businessplus.ie)

Funding Rounds and M&A Activity

Nexvia: Procurement tech Felix Group acquires construction industry platform Nexvia for $12m. (businessnewsaustralia.com)

Albi: Albi, a restoration management software platform, announces a Series B funding round led by Frontier Growth. (thesaasnews.com)

Policy & Regulation Updates

Asia-Pacific

Major reform planned for building consent system: The New Zealand government will announce significant changes to the building consent system at a post-Cabinet media conference on Monday. (rnz.nz)

Opinions

Australian report highlights AI's role in blue-collar job resilience: A new Australian government report indicates AI will augment, not replace, jobs in sectors like construction and hospitality, suggesting resilience amid automation concerns. (webpronews.com)