DGAP-News: RIB Software SE (RIB) signs a Phase-II-contract (No. 13 / 2020) with LUDWIG FREYTAG GmbH & Co. KG

10-June-2020

RIB Software SE (RIB) signs a Phase-II-contract (No. 13 / 2020) with LUDWIG FREYTAG GmbH & Co. KG


Stuttgart, Germany, 10 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 LUDWIG FREYTAG corporate group.

The construction company founded over 125 years ago by Ludwig Freytag has now become the LUDWIG FREYTAG corporate group with over 1,800 employees. The medium-sized group, now in its fourth generation of family management, consists of 14 companies and has its headquarters in Oldenburg. Today, LUDWIG FREYTAG is active in several highly specialized business areas and realizes complete solutions in Germany and the surrounding European countries, from planning and turnkey execution to the supervision and maintenance of construction projects of various types and sizes.

Timo Göbel, IT manager of LUDWIG FREYTAG GmbH & Co. KG: "Competence, innovative strength and reliability have shaped our work ever since. We are certain that we will see these internal values confirmed in our partnership with RIB. As an innovative and versatile construction technology and service company, we are relying on the iTWO platform, a modern and future-oriented technology that suits us perfectly, which will considerably standardize and simplify our core processes in calculation, planning and project execution throughout the entire group. With our choice we face the upcoming tasks of IT in the construction industry with great confidence".

Erik von Stebut, Managing Director of RIB in Germany: "We are pleased to welcome LUDWIG FREYTAG as another medium-sized company to the RIB family. With the iTWO platform, we will provide the best possible support for the group of companies in their digitalisation and provide a platform that optimally meets the requirements and processes of a future-oriented construction company. I am sure that the companies in the group will benefit from our knowledge of the standardisation of construction processes".

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.