DGAP-News: RIB Software SE signs an iTWO 4.0 Phase-II-contract (No. 16 / 2019) with the BAUER Group

29-July-2019

RIB Software SE signs an iTWO 4.0 Phase-II-contract (No. 16 / 2019) with the BAUER Group

Stuttgart, Germany, 29 July 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 the BAUER Group. The system will in future be used by various Group companies, including BAUER Spezialtiefbau GmbH, BAUER Resources GmbH, SPESA Spezialbau und Sanierung GmbH and SCHACHTBAU NORDHAUSEN GmbH as well as their subsidiaries.

The BAUER Group is a leading provider of services, machinery and products for soil and groundwater. With over 110 subsidiaries, Bauer has a worldwide network on all continents. In 2018, the BAUER Group recorded total Group revenues of 1.7 billion euros with approximately 12,000 employees in around 70 countries.

Arnulf Christa, Managing Director of BAUER Spezialtiefbau GmbH: "We are convinced that the web-based iTWO 4.0 technology offers great potential for further increasing productivity in the execution of our construction projects through a consistent and model-oriented approach. We look forward to working with RIB in this area of strategic importance for Bauer."

Michael Sauer, Executive Board Member of RIB Group: "With Bauer, a long-standing RIB customer has decided to convert to the cloud-based iTWO 4.0 technology. With our fully integrated platform, we will support the customer in digitizing the workflows in a future-proof manner in order to make the cooperation of the project participants even more efficient. With iTWO 4.0 we provide the customer with a platform that optimally meets the requirements of construction companies in the 21st century."

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 1,200 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.