DGAP-News: RIB Software SE (RIB) signs a Phase-II-contract (No. 15 / 2020) with Koch Holding KG

26-June-2020

RIB Software SE (RIB) signs a Phase-II-contract (No. 15 / 2020) with Koch Holding KG

Stuttgart, Germany, 26 June 2020. 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 Koch Holding KG.

The Koch Group plans and implements industrial and private roofs across Germany and Europe and is one of the leading companies for roof sealing as well as trapezoidal sheet metal and facade work. The company, which has been family-run for several generations, was founded in 1878 and, with a current workforce of 400 employees, focuses primarily on continuous development and sustainability in its companies.

Mathias Koch, member of the management of the Koch Group: "Only if we achieve the best in service for our customers, we can be permanently innovative as a craft and service company. To be able to keep this promise in the future, we rely on highly motivated, qualified employees and innovative technology. It was therefore a matter of course for us to rely on the modern iTWO 4.0 technology of the RIB in the search for a suitable business solution. The iTWO platform is intended to digitalize and standardize the processes in calculation, planning and construction of the entire group. This will enable us to plan and implement our projects even better on time in the future".

In addition to optimizing existing business processes in the office, the app will also be used so that employees on the construction site can work mobile and more efficiently in the future.

Erik und von Stebut, managing director of RIB in Germany: "The RIB is very pleased that with iTWO 4.0, we are now also providing significant support to roofing specialists such as Koch Holding KG in their digitisation activities. The customer covers a wide range of its value chain from the first offer calculation and contract management to the digital connection of the construction site and billing. The web-based iTWO solution thus proves that not only complex construction projects can be implemented, but also that customers in the trades can find an easy entry into the RIB corporate solution and can optimally map their work processes there".

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 21^st century.