RIB Software AG: strategic acquisition of MC², Memphis, Tennessee, USA

Major step taken in the US market for 5D-BIM technology

11.09.2012 - Corporate News

STUTTGART, 11 September 2012. RIB Software AG today announced the strategic acquisition of MC², USA, through the RIB Ltd. subsidiary headquartered in Hong Kong. The companies have not disclosed the purchase price. Like RIB, MC² is one of the leading technology companies in the software market for the global construction sector. With head office in Memphis, Tennessee, the company focuses on the top-1,000 US construction firms. The acquisition is part of RIB Software AG's strategy of establishing RIB technology for five-dimensional planning and construction using iTWO BIM 5D software through the extensive customer network of MC² in the US market.

MC² is a leading software supplier in the US construction market. As in the case of RIB, MC² is one of the worldwide pioneers in this market segment – both companies were founded in the 1960s and have established a network of customers within the industry. MC² focuses on the top-1,000 construction firms within the USA.

Thomas Wolf, RIB CEO: "The acquisition of MC² is a step towards our objective of successfully positioning our innovative 5D technology on the US market. Among its long-standing customers, MC² can count the most important representatives of the industry within the United States. RIB's iTWO BIM 5D is the most modern and advanced technology for the global construction market. We aim to migrate these top construction firms in the US to iTWO BIM 5D. This acquisition represents a major strategic step for us in the US market."

RIB also announced that the development partnership entered into with SAP AG in 2010 has been ended by mutual agreement.

The RIB Group

RIB Software AG is an innovator in construction industry. The company designs, develops, and offers iTWO technology for the construction industry worldwide. iTWO is the world’s first Licence/Cloud-based Big Data BIM 5D enterprise solution for construction industry. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new technology, new thinking and new working method 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 600 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector, etc.