RIB Software SE signs a Phase-II-contract (No. 29 / 2019) with MABA Fertigteilindustrie GmbH // No negative impact expected from the trade war between the US and China for RIB

Credit: EQS Group- Published on December 12, 2019
DGAP-News: RIB Software SE / Key word(s): Agreement
12.12.2019 / 12:30
The issuer is solely responsible for the content of this announcement.12-December-2019

*RIB Software SE signs a Phase-II-contract (No. 29 / 2019) with MABA Fertigteilindustrie GmbH // No negative impact expected from the trade war between the US and China for RIB*

Stuttgart, Germany, 12 December 2019. RIB Software SE, the world's leading provider of iTWO 4.0 Cloud Enterprise Platform Technology, today announced the conclusion of a Phase-II-contract with MABA Fertigteilindustrie GmbH.

MABA Fertigteilindustrie GmbH is a leading manufacturer of precast concrete elements in Austria. The spectrum ranges from prefabricated ceilings and double walls to solid walls and innovative system and custom parts. With around 400 employees, the subsidiary of Kirchdorfer Concrete Solutions generates around 80 million euros.

In 2020, a new highly automated production plant for custom parts will be built at the main site in Wรถllersdorf. Together with the general contractor Sommer Anlagentechnik GmbH from Germany, RIB SAA Software Engineering supplies the entire automation technology.

Christian Hanser, Managing Director of RIB SAA: "With this investment, BIM-based automation is making its way into a new product area and will enable significantly higher productivity. As a strong IT partner, we will continue to consistently support digitization at a leading precast parts producer and long-standing customer."

The RIB Group emphasizes that no negative impact from the trade war between the US and China is expected for RIB. RIB's revenue in China is below 1% of total revenue and the low RMB currency offers cost savings potential for the RIB Group in 2020.

*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 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 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.
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12.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: RIB Software SE
Vaihinger Str. 151
70567 Stuttgart
Germany
Phone: +49 (0)711-7873-0
Fax: +49 (0)711-7873-311
E-mail: info@rib-software.com
Internet: www.rib-software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Indices: SDAX, TecDAX,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 934609
End of News DGAP News Service

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