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RIB Software SE (RIB) signs a Phase-II-contract (No. 08 / 2021) with Ludwig Freytag GmbH & Co. KG

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DGAP-News: RIB Software SE / Key word(s): Contract/Agreement
02.03.2021 / 11:54
The issuer is solely responsible for the content of this announcement.

2-March-2021

RIB Software SE (RIB) signs a Phase-II-contract (No. 08 / 2021) with Ludwig Freytag GmbH & Co. KG

Stuttgart, Germany, 2 March 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 Phase-II-contract with Ludwig Freytag GmbH & Co. KG.

The construction company founded over 125 years ago by Ludwig Freytag has now become the LUDWIG FREYTAG corporate group with over 1,800 employees. The medium-sized group, now in its fourth generation of family management, consists of 14 companies and has its headquarters in Oldenburg. Today, LUDWIG FREYTAG is active in several highly specialized business areas and realizes complete solutions in Germany and the surrounding European countries, from planning and turnkey execution to the supervision and maintenance of construction projects of various types and sizes.

Timo Göbel, IT manager of LUDWIG FREYTAG GmbH & Co. KG: "Since the middle of last year, we have been introducing the modern and forward-looking iTWO technology in the group of companies in costing, planning and project execution. The range of services has now been expanded, so that in the future we will also use the RIB solution to make our processes more effective in the commercial area. We are looking forward to the more intensive cooperation."

Erik von Stebut, Managing Director of RIB in Germany: "A contract extension after such a short time shows that the customers of RIB - and in special Ludwig Freytag - stand behind us and our products. I am sure that we will be able to support the group of companies even more effectively, both in their processes and in their digitalization. Running together RIB and Ludwig Freytag!"

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.



02.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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