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RIB Software AG (RIB) acquires 25% of the shares of Exactal Group Limited, a Hong Kong-based software producer for the construction industry

DGAP-News: RIB Software AG / Key word(s): Investment
RIB Software AG (RIB) acquires 25% of the shares of Exactal Group Limited, a
Hong Kong-based software producer for the construction industry

25.11.2016 / 16:00
The issuer is solely responsible for the content of this announcement.

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25-November-2016

RIB Software AG (RIB) acquires 25% of the shares of Exactal Group Limited,
a Hong Kong-based software producer for the construction industry

Stuttgart, Germany, 25 November 2016. RIB Software AG, the world's leading
provider of 5D BIM Big Data technology for the construction industry, today
announced the acquisition of 25% of the shares of Exactal Group Limited, a
Hong Kong-based software producer for the construction industry.

This cooperation allows the enhanced integration of 2D CAD files into the
calculation process in iTWO, besides model-based 3D work.

Helmut Schmid, CTO of RIB Software AG, highlights the benefits of the
partnership: "With Exactal technology, we will be able to simplify the
transition for our iTWO community to model-based workflows by using the
add-on of the 2D quantity determination. We are very pleased to have found
a partner with Exactal, who, like RIB, has a high level of competence in
construction industry. By investing in Exactal, we will maximize the
synergy effects and create opportunities that will benefit both companies."

Mark Kefford, Executive Chairman & Founder of Exactal adds: "We are pleased
to welcome RIB into the Exactal group as both a strategic investor and an
important customer. The RIB investment in Exactal is further confirmation
of our world leading solution for quantity takeoff from 2D Data and we look
forward to working closely with them in the future in this expanding
marketplace."

About Exactal Group Limited
Established in Brisbane, Australia in 2003 to develop software specifically
for the quantity surveying and estimating market, Exactal has continued to
expand its worldwide presence. It now has offices in Brisbane & Melbourne
in Australia, London & Manchester in the UK, Auckland in New Zealand,
Austin in the USA, Kuala Lumpur in Malaysia, and Singapore and Hong Kong.
The company also has sales and channel partner support across much of the
globe. The main product CostX(R) provides an integrated BIM and 2D on-
screen measurement solution with a unique integration between the cost
estimates and the elements on the drawing files that the estimate
represents. This approach keeps estimates up to date and allows drawing
revisions to be easily evaluated to eliminate traditional scope creep in
construction projects.

About RIB Group
RIB Software AG 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 AG 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 700 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.


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25.11.2016 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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: RIB Software AG
Vaihinger Str. 151
70567 Stuttgart
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.rib-software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange


End of News DGAP News Service
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524359 25.11.2016