Köster Group introduces RIB Software AG’s end-to-end enterprise solution iTWO (phase II deal)

20.12.2013 - Corporate News

Stuttgart, Germany, 20 December 2013. The Köster Group from Osnabrück and RIB Software AG have concluded a phase II deal to introduce an end-to-end enterprise solution. The ordered solution components comprise iTWO 5D, the on-demand contract award platform iTWO tx and the new iTWO Finance solution, which was developed based on Microsoft Dynamics NAV technology. With an annual revenue of approximately EUR 900 million (2012), the Köster Group, which is made up of the Osnabrück-based Köster GmbH and the Stuttgart-based Baresel GmbH, is one of Germany’s leading construction businesses.

Concerning the deal, Dr. Hans-Peter Sanio, Member of the Executive Board of RIB Software AG, comments as follows: “We are pleased to announce that the Köster Group, another leading enterprise from the construction industry, has opted for the end-to-end business solution iTWO 5D. We are looking forward to coaching the Köster Group in the introduction of the new enterprise solution. As a technology partner, we would like to assist Köster in the Group-wide implementation of model-based approaches and fully integrated end-to-end corporate processes on the basis of Web-based technologies.”

About the Köster Group
The Köster Group is a modern, service-oriented group of companies from the construction industry, which performs complex structural engineering, civil engineering, turnkey construction, tunnelling and environment technology services throughout Germany. From 18 cities, 1,500 construction specialists deliver high technical competency in the immediate vicinity. The core proposition of the successful group of companies focuses on technically perfect completion and sustainable economy of all construction projects. Its goal is to promote its customers’ business. For more information (in German), see www.koester-bau.de.

The 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.