RIB Software SE (RIB) signs a Phase-II-contract (No. 25 / 2021) with a Gas Industry leader


DGAP-News: RIB Software SE / Key word(s): Contract/Agreement
17.05.2021 / 15:49
The issuer is solely responsible for the content of this announcement.


RIB Software SE (RIB) signs a Phase-II-contract (No. 25 / 2021) with a Gas Industry leader in Middle East & North Afrika (MENA)

Dubai, United Arab Emirates, 17 May 2021. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of a leading, privately owned manufacturer, distributor and service provider of gases in the MENA region.

For over six decades, the customer has been manufacturing and supplying industrial, medical and specialty gases to a wide range of industries in the MENA region, through operations in over ten countries covering the Gulf Cooperation Council (GCC), Jordan, Egypt and Turkey. The customer has established a considerable pipeline distribution network, the largest merchant air separation production capacity and an extensive network of over 20 manufacturing facilities producing oxygen, nitrogen, acetylene, dry ice, food-grade, specialty and medical gases.

The agreement was executed through RIB's ERP division, Levtech Consulting, with the customer headquartered in Dubai. Levtech Consulting aims to digitally transform the customer's end-to-end business operations, from manufacturing and project activity, to supply chain and financials, and overlay the ERP backbone.

As the customer continues to expand its global footprint while reinforcing regional leadership, it is critical for the business to shift away from legacy, decentralized systems to a single, comprehensive platform which provides business visibility and supports decision-making. RIB engaged with the customer in a deep analysis of their business operations, analyzing fit and fulfilment to the proposed solution model. As the customer evaluated many tier-1 alternatives, they found RIB to be the most appropriate partner to help develop and deliver their digital transformation vision.

Anilesh Kumar, CEO, Levtech Consulting: "We are delighted to partner with an industry leader that continues to expand in terms of product and geographical presence. It is always complex yet exciting to work on a partnership that encompasses such a wide scope of automation that covers almost every aspect of a diverse operation, that too across multiple countries and over 30 legal entities. We are looking to deliver an operational decision-making platform - standardizing processes, streamlining data and driving change through this important engagement."

About RIB Group
RIB Software SE is an innovator in the building and 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 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in the construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing 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 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.

17.05.2021 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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