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.

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Comments (4)
  • churn
    , contributor
    Comments (206) | 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 (34) | 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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