DGAP-News: RIB Software SE signs an iTWO 4.0 Phase-II-contract (No. 23 / 2019) with Siemens AG

31-October-2019

RIB Software SE signs an iTWO 4.0 Phase-II-contract (No. 23 / 2019) with Siemens AG

Stuttgart, Germany, 31 October 2019. RIB Software SE, the world's leading provider of iTWO 4.0 Cloud Enterprise Platform Technology, today announced the conclusion of an iTWO 4.0 Phase-II-contract with Siemens AG. The contract was signed with the Siemens Gas and Power Division.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of EUR83.0 billion and net income of EUR6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Erik von Stebut, Managing Director/Authorized signatory of RIB in Germany, comments on the agreement as follows: "We are very pleased that this contract will enable us to push forward our collaboration with one of the world's leading technology groups. The end-to-end and fully integrated iTWO 4.0 platform enables Siemens to digitize the entire project management process in a future-proof and efficient manner. We at RIB will continue to support the company as an innovative and reliable partner in the future."

About RIB Group

RIB Software SE is an innovator in building and construction industry. The company creates, 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 construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and brining 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 1,500 talents in more than 30 locations worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.