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RIB Software SE, DE000A0Z2XN6

RIB Software SE, DE000A0Z2XN6

10.09.2019 - 10:57:23

RIB Software SE signs a Phase-II-contract

10-September-2019

RIB Software SE signs a Phase-II-contract (No. 17 / 2019)

Stuttgart, Germany, 10 September 2019. RIB Software SE, the world's leading provider of iTWO 4.0 Cloud Enterprise Platform Technology, today announced the conclusion of a Phase-II-contract to deliver a cloud-based, integrated IT enterprise solution to one of Europe's most advanced modular construction production plants.

Robert Neubauer, Managing Partner of RIB SAA, comments the agreement as follows: "This Phase II contract is further confirmation of the outstanding performance of RIB's Smart Production technology, which offers a tailored solution in the age of digitization. We are very pleased to have convinced this customer of the RIB iTWO Smart Production platform, particularly in view of the fact that this prefab plant will be equipped with the full range of the iTWO 4.0 integrated solution, setting new standards for digital transformation in Central Europe."

The leading German construction company will use iTWO 4.0 PPS, iTWO MES, iTWO ICS for industrial automation and iTWO SCE for the use of the automatic warehouse system. As the group already uses the cloud based iTWO 4.0 solution, iTWO Finance and SCM, this customer will be one of the first in Germany to use the fully digitized end-to-end solution of iTWO 4.0 for the construction industry including full digitization in industrial production for prefabricated construction elements.

About RIB Group

RIB Software SE is an innovator in building and construction industry. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and brining in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 1,400 talents in more than 30 locations worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.

10.09.2019 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: RIB Software SE 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: SDAX, TecDAX, Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 871157   End of News DGAP News Service

871157  10.09.2019 

@ dgap.de