RIB Software (SE) acquires additional shares in Exactal Group Limited, increasing its stake in the leading provider of calculation software in English-speaking countries to 75%
Stuttgart, Germany, 15 November 2017. RIB Software SE, the world’s leading provider of 5D BIM Big Data technology for the construction industry, today announced the increase in its stake from 25% to 75% of Exactal Group Limited (Australia / Hong Kong), the market leader for construction calculation software in Australia, with international offices in London, Manchester in the UK, Kuala Lumpur in Malaysia, Auckland in New Zealand, Austin in the US, Singapore and Hong Kong. The purchase price is based on a company valuation of € 24.4 million (2017 P/E 21.7 / revenue growth 22.5%).
Thomas Wolf, CEO of RIB Software SE highlights the advantages of the partnership: “With the acquisition of 75% of Exactal, we can increase our footprint in English-speaking countries through their branch offices in Brisbane and Melbourne in Australia, London & Manchester in the UK, Auckland in New Zealand, Austin in the US, Kuala Lumpur in Malaysia, Singapore and Hong Kong.”
About Exactal Group Limited
Established in Brisbane, Australia in 2003 to develop software specifically for the quantity surveying and estimating market, Exactal has continued to expand its worldwide presence. It now has offices in Brisbane & Melbourne in Australia, London & Manchester in the UK, Auckland in New Zealand, Austin in the USA, Kuala Lumpur in Malaysia, and Singapore and Hong Kong. The company also has sales and channel partner support across much of the globe. The main product CostX® provides an integrated BIM and 2D on-screen measurement solution with a unique integration between the cost estimates and the elements on the drawing files that the estimate represents. This approach keeps estimates up to date and allows drawing revisions to be easily evaluated to eliminate traditional scope creep in construction projects.