DGAP-News: RIB Software AG: Strategic Acquisition of U.S. COST, Atlanta, Georgia
(firmenpresse) - DGAP-News: RIB Software AG / Key word(s): Mergers&Acquisitions
RIB Software AG: Strategic Acquisition of U.S. COST, Atlanta, Georgia
29.11.2012 / 13:41
---------------------------------------------------------------------
RIB Software AG: Strategic Acquisition of U.S. COST, Atlanta, Georgia
STUTTGART, 29 November 2012. RIB Software AG announced today the strategic
acquisition of the controlling interest of U.S.COST (www.uscost.com). The
companies have not disclosed the purchase price. Like RIB, U.S.COST is one
of the leading technology companies in the software and consulting markets
of the global construction sector. The head office is located in Atlanta,
Georgia. Further U.S. COST subsidiaries are in New York, Los Angeles,
Arlington, VA, Miami, Dallas, Phoenix, San Diego and Orlando. While RIB's
September 2012 acquisition MC²from Memphis focuses on top 1000 American
contractors, U.S. COST focuses on the American owners, architects and
engineers. U.S.COST has successfully delivered the software and consulting
services for thousands of large American construction projects.
The acquisition is part of the RIB Software AG's strategy to integrate the
RIB 5D BIM ERP Technology 'iTWO' into leading American software solutions,
to win top management and extensive client networks and to be a leading
player in the ongoing consolidation process in this sector.
With the acquisition RIB Group increases its international global
consulting and project management capacity by 200 %.
Thomas Wolf, CEO of RIB: the second acquisition of a leading American
player will position RIB and our 5D brand 'ITWO' in a leading American
market position in 2013. The American market is the biggest construction
market by US Dollars in the world and the most important market for leading
IT companies. With the acquisition of U.S.COST, RIB has reached the same
team size in the US as in Europe and Asia and can be considered as a
significant global player.
About the RIB Group
With more than 15,000 customers, the Stuttgart-based RIB Group is one of
the largest software providers in the field of technical ERP solutions for
the construction industry. Established in 1961, RIB has attained a
market-leading position in Germany. The world's largest construction
companies, public administrations, architecture and engineering firms, and
large enterprises in the field of industrial and plant construction around
the globe optimise their planning and construction processes with the aid
of RIB software systems. RIB is represented by its own branches in EMEA,
North America, and APAC. Further information is available at
www.rib-software.com.
End of Corporate News
---------------------------------------------------------------------
29.11.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: RIB Software AG
Vaihinger Str. 151
70567 StuttgartGermany
Phone: +49 (0)711-7873-0
Fax: +49 (0)711-7873-311
E-mail: info(at)rib-software.com
Internet: www.rib-software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
195175 29.11.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.11.2012 - 13:41 Uhr
Sprache: Deutsch
News-ID 208076
Anzahl Zeichen: 4359
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 212 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: RIB Software AG: Strategic Acquisition of U.S. COST, Atlanta, Georgia"
steht unter der journalistisch-redaktionellen Verantwortung von
RIB Software AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
