RIB Software AG: RIB AG (RSTA) signs Phase I agreement with Technip, a global leader in project management, engineering and construction for the energy industry


RIB Software AG / Key word(s): Contract

09.01.2014 / 15:10


RIB AG (RSTA) signs Phase I agreement with Technip, a global leader in project management, engineering and construction for the energy industry

Atlanta, GA, 05 December 2013.

RIB Software AG the world's leading 5D end-to-end enterprise solution provider has signed a Phase I agreement with Technip in the UK, a leading company in the energy industry, to implement iTWO to support Technip's tender estimation processes for its Business Development Group within the UK Business Unit (UKBU).

Present in 48 countries, with 38,500 people, Technip is a world leader in project management, engineering and construction for the energy industry. The group offers solutions and innovative technologies, meeting challenges, from the deepest subsea oil & gas developments to the largest and most complex offshore and onshore infrastructures. Technip shares are listed on the NYSE Euronext Paris exchange and traded in the USA on the OTCQX marketplace. The company was recognized for its performance in the Dow Jones Sustainability Indexes.
iTWO will help Technip in the UK continue to enhance its tender estimation process.

'We are very excited about delivering iTWO to Technip to support their vision of a more integrated and sustainable estimation and tendering solution', said RIB U.S.COST SVP Mickey Carr. 'Technip has a strong commitment to sustainable development and lean construction which aligns to the RIB principles and we see Technip as a leader in the global energy market and a partner with RIB as we define the new future of project delivery.'

'As a new customer, Technip represents one of the most significant opportunities of the year.' said RIB U.S.COST, CEO Charles Aguirre. 'Our primary focus will be to deliver iTWO platform for Technip as the best possible solution to support their growing business across the globe.'

About Technip
Technip's business activities serve many sectors of the energy industry worldwide, but in particular the oil and gas sector, where they are active in three business segments: Subsea, Offshore and Onshore. With industrial assets in all continents, Technip maintains a fleet of 36 vessels (7 of which are under construction). Technip is headquartered in Paris, France and in 2012 Technip had EUR 14 billion backlog and operates in 48 countries. Technip's 2012 revenue was EUR 8.2 billion with 38,500 employees worldwide.

About RIB Group
With over 15,000 customers, the RIB Group based in Stuttgart is a global leading provider of 5D end-to-end enterprise solutions for the construction industry. Founded in 1961, RIB meanwhile holds a leading position in the global market. The world's largest construction companies, public administration offices, architecture and engineering firms as well as large companies in the industrial and plant construction segment around the globe optimize their planning and construction processes with the aid of RIB software systems. The company is represented with its own branch offices in the EMEA, North America and APAC regions. Further information can be found at: and

End of Corporate News

09.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at and

247451  09.01.2014
Contact & Hotline