DGAP-News: RIB Software AG / Key word(s): Investment 25-November-2016 RIB Software AG (RIB) acquires 25% of the shares of Exactal Group Limited, a Hong Kong-based software producer for the construction industry Stuttgart, Germany, 25 November 2016. RIB Software AG, the world's leading provider of 5D BIM Big Data technology for the construction industry, today announced the acquisition of 25% of the shares of Exactal Group Limited, a Hong Kong-based software producer for the construction industry. This cooperation allows the enhanced integration of 2D CAD files into the calculation process in iTWO, besides model-based 3D work. Helmut Schmid, CTO of RIB Software AG, highlights the benefits of the partnership: "With Exactal technology, we will be able to simplify the transition for our iTWO community to model-based workflows by using the add-on of the 2D quantity determination. We are very pleased to have found a partner with Exactal, who, like RIB, has a high level of competence in construction industry. By investing in Exactal, we will maximize the synergy effects and create opportunities that will benefit both companies." Mark Kefford, Executive Chairman & Founder of Exactal adds: "We are pleased to welcome RIB into the Exactal group as both a strategic investor and an important customer. The RIB investment in Exactal is further confirmation of our world leading solution for quantity takeoff from 2D Data and we look forward to working closely with them in the future in this expanding marketplace." About Exactal Group Limited About RIB Group
2016-11-25 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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 |