Prometheus Group, a software firm that provides asset management operations services, has acquired Lucy Industrial Management Solutions (IMS), a Netherlands-based software provider that provides services for construction projects. The financial terms of the transaction have not been disclosed.
Lucy IMS’s digital platform streamlines the process of construction projects and is used by commissioning managers, project managers, and contractors. The transaction marks the ninth acquisition made by Prometheus Group since being acquired by GenStar Capital in 2019.
Eric Huang, CEO of Prometheus Group, said, “Lucy’s innovative solutions are very compelling and provide a critical service to their customers. “We are excited to include Lucy into the Prometheus Group platform.”