Seeking Alpha

Berkshire unit buys construction software developer

  • Berkshire Hathaway's (BRK.A, BRK.B) MiTek Industries unit has acquired Kova Solutions, a provider of software that allows residential production builders and manufactured housing firms to monitor/manage their operations. Terms are undisclosed. (PR)
  • MiTek already provides software for residential component manufacturers, to go with structural connectors, machinery, and engineering services. In July, the company bought Benson Industries, a maker of curtain wall systems for commercial high-rises.
Comments (4)
  • churn
    , contributor
    Comments (204) | Send Message
    Buffett loves homebuilders but a software company?
    10 Oct 2013, 04:57 PM Reply Like
  • Stillport Investments
    , contributor
    Comments (49) | Send Message
    I'm sure Buffett didn't even pull the trigger on this, it was probably an acquisition by the subsidiary.
    10 Oct 2013, 08:55 PM Reply Like
  • legal eagle
    , contributor
    Comments (27) | Send Message
    warren you are the greatest! will you adopt me?
    11 Oct 2013, 07:24 AM Reply Like
  • StevePTI
    , contributor
    Comments (8) | Send Message
    Seems Berkshire is getting bullish on the housing recovery. In my area one of their subsidies just partnered with Prudential real estate.
    11 Oct 2013, 01:07 PM Reply Like
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