Finanzen, RIB Software AG

RIB Software AG / Key word(s): Agreement RIB Software AG (RIB) signs a Phase-II-contract (No.

10.10.2016 - 17:25:27

RIB Software AG signs a Phase-II-contract with the Government Rail Authority in Norway. 26 / 2016) with the Government Rail Authority in Norway 10.10.2016 / 15:17 The issuer is solely responsible for the content of this announcement.

DGAP-News: RIB Software AG / Key word(s): Agreement RIB Software AG (RIB) signs a Phase-II-contract (No. 26 / 2016) with the Government Rail Authority in Norway

10.10.2016 / 15:17 The issuer is solely responsible for the content of this announcement.

10-October-2016

RIB Software AG (RIB) signs a Phase-II-contract (No. 26 / 2016) with the Government Rail Authority in Norway

Oslo, Norway, 10 October 2016. RIB Software AG, the world's leading provider of iTWO 5D BIM Big Data technology, today announced the conclusion of a Phase-II-deal with Norwegian Rail.

"This is yet another testament to the increasing use of our technology in the infrastructure sector. Besides German Railway now a second railway group in Europe have already placed their trust in the leading iTWO technology", argues Mads Bording, CEO of RIB Nordics.

Jarle Braathen, CEO of BIM2Share AS, explains: "I am very pleased that Norwegian Rail successfully enters into a partnership with a Phase-II-deal. In less than a year more than 50 railway projects have started on the RIB platform including mobile solutions for on-site updates. Norwegian rail execute CAPEX projects exceeding NOK 5 billion annually, and will involve hundreds of consultants, contractors and suppliers. The RIB iTWOcx solutions will be integrated in the system infrastructure of Norwegian Rail including their archive and FM systems. The success to deliver the best competencies to a demanding customer is essentially based on close collaboration with RIB and support from the respective RIB-teams across the region."

About RIB Group

RIB Software AG is an innovator in construction business. The company creates, develops, and offers iTWO³ - new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 700 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.

10.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Language: English

Company: RIB Software AG

Vaihinger Str. 151

70567 Stuttgart

Germany

Phone: +49 (0)711-7873-0

Fax: +49 (0)711-7873-311

E-mail: info@rib-software.com

Internet: www.rib-software.com

ISIN: DE000A0Z2XN6

WKN: A0Z2XN

Indices: TecDAX

Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

End of News DGAP News Service 510191  10.10.2016 

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