DGAP-News: RIB Software SE

10-November-2017

RIB Software SE (RIB) signs a Phase-II-contract (No. 30 / 2017) for the delivery of the iTWO 4.0 Smart Production technology to the Myhome Group

Stuttgart, Germany, 10 November 2017. RIB Software SE, the world's leading provider of 5D BIM Big Data technology, today announced the conclusion of a Phase-II-contract for the delivery of the iTWO 4.0 Smart Production technology to the Myhome Group.

The Myhome Group is a China-based company with a focus on real estate development, construction and property management services. The Group's business covers Wuhan, Beijing, Shenzhen, Chongqing, Shenyang and other large cities across China. The company will use the solution from RIB for four high-performance precast concrete plants to produce 1.3 million square meters of precast concrete parts per year in each case. RIB SAA will equip the production facilities of its long-term mechanical engineering partner Vollert Anlagenbau GmbH & Co. KG with state-of-the-art iTWO 4.0 Smart Production technology. In addition, a framework agreement was signed for the delivery of 80 pallet circulating systems.

Christian Hanser, Managing Director of RIB SAA, comments the agreement as follows: "We are very pleased to be able to equip the Myhome Group with RIB iTWO 4.0 Smart Production Technology. This innovative and future-oriented solution fits seamlessly into the already-completed partnership with YTWO and will help Myhome realize its planned expansion across China with latest iTWO 4.0 Smart Production technology, connect sites and leverage synergies in processing, purchasing and production."

About RIB Group

RIB Software SE is an innovator in construction business. The company creates, develops, and offers iTWO³ - new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 800 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.