RIB Software SE (RIB) signs a Phase-II-contract (No. 34 / 2021) with a leading construction company in China

DGAP-News: RIB Software AG SE / Key word(s): Agreement
29.06.2021 / 14:33
The issuer is solely responsible for the content of this announcement.


RIB Software AG SE (RIB) signs a Phase-II-contract (No. 34 / 2021) with a leading construction company in China

Guangzhou, China, 29 June 2021. RIB Software AG SE, the world's leading provider of iTWO 6D BIM ESG (Environmental, Social and Governance) technology for the construction industry, today announced the conclusion of an iTWO 4.0 Phase-II-contract with a leading construction company in China.

After more than 60 years of development, the client has developed into a world-leading EPC (Engineering-Procurement-Construction) contractor and comprehensive engineering service provider that integrates scientific research and development, engineering design, general contracting, high-end equipment manufacturing, production operation management, investment and financing. Its business areas cover the Middle East, Central Asia, Southeast Asia, South America, Africa, Europe, etc.

The client has chosen Bochaosoft - part of the RIB family - because the integrated solution we offer outstands among the rivals, and its comprehensive product features perfectly match their digitalization strategies. iTWO 4.0 together with Bochaosoft's design software will be their BIM-based construction platform for the lifecycle management of their AEC/EPC projects. With deep industry know-how and innovations such as 6D BIM, Cloud, Business Intelligence, IoT technologies and more, iTWO 4.0 will empower the client to manage all projects from end-to-end and connect all stakeholders along with their processes and data in one platform to standardize their management processes, ensure one single source of truth and achieve better project outcome.

Tom Wolf, CEO of RIB Software AG SE: "We are very excited that we have won another leading construction company in China with the great effort from Bochaosoft and the RIB team. The deal has showed that the cooperation between us has made greater breakthroughs and development in the Chinese market. More and more Chinese construction companies are embracing digital technologies to improve project and enterprise management efficiency. I look forward to seeing the success implementation of our integrated solution in the client's projects and assisting more China's construction companies in their digital transformation journey."

About RIB Group

RIB Software AG SE is a pioneer in the digitalization of the construction industry. The company 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 6D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. RIB Software AG SE is a member of Schneider Electric and headquartered in Stuttgart, Germany and Hong Kong, China. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most sustainable and digitalized industry in the 21st century.

29.06.2021 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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