DGAP-News: RIB Software AG: M&A Deal No.4, Strategic Acquisition of Cosinus Informationssysteme GmbH, Freiburg
(firmenpresse) - DGAP-News: RIB Software AG / Key word(s): Acquisition
RIB Software AG: M&A Deal No.4, Strategic Acquisition of Cosinus
Informationssysteme GmbH, Freiburg
05.08.2013 / 08:01
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05-08-2013 - Corporate News
RIB Software AG: M&A Deal No.4, Strategic Acquisition of Cosinus
Informationssysteme GmbH, Freiburg
Important step into the ERP market with an integrated end-to-end enterprise
solution consisting of iTWO 5D and Microsoft Dynamics NAV
Stuttgart 5 August 2013.
Today, RIB Software AG announced the takeover of a
majority interest in Cosinus Informationssysteme GmbH. Cosinus has
developed and successfully launched a market-leading financial, HR,
purchasing and logistics solution for building suppliers and the secondary
construction trades on the basis of Microsoft Dynamics NAV. Now, the
solution will be fully integrated in the iTWO 5D end-to-end platform
technology as iTWO ERP component. For the first time, it will thus be
possible to use the model-oriented 5D approach in the ERP processes. In Q4,
RIB AG will offer iTWO RUN, a cloud solution for the utilisation and
maintenance phase of construction projects.
The plan is to jointly develop a cloud-based 5D end-to-end ERP solution for
the construction industry with which, based on BIM data, all key business
processes from the project planning to the project management to the
business management can be integrally processed with 5D technology in a
cloud. In Germany, Austria and Switzerland, there are more than one million
potential iTWO 5D users in the field of secondary construction trades and
building suppliers. Considering the global network of the RIB Group and
the global Microsoft Dynamics NAV Partner Network, there is an even greater
potential for rolling out the solution worldwide.
Concerning the takeover of the majority interest in Cosinus, Michael Sauer,
CFO of RIB, states, 'In 2014, the company plans to generate revenues of
more than EUR 10 million and EBITDA of more than EUR 1 million with up to
100 employees. The debt-free company holds cash worth EUR 1.5 million and
will close 2013 with revenues of approximately EUR 8 million and EBITDA of
EUR 0.8 million. Based on this investment, we have increased our revenue
forecast for 2014 by EUR 10 million and continue to aim at an average
company growth of more than 30 per cent from 2013 to 2020.'
Dr Hans-Peter Sanio, CTO of RIB, commented, 'Through supply chain
management (SCM), the iTWO 5D end-to-end technology will also reach the
suppliers after the manufacturers in a way similar to what can be observed
in the automotive and aircraft industries. With a Microsoft Dynamics NAV
solution that is integrated in the iTWO 5D end-to-end platform technology,
we will henceforth be able to offer a holistic 5D solution in this area.
The potential for iTWO jobs on the building supplier side is ten times
higher than among investors and construction groups.'
The RIB strategy for 2020 is to attain the global market leadership in the
field of 5D end-to-end technology in the global construction industry. In
2020, this industry is expected to reach a volume of more than USD 10
trillion (14 per cent of the global GDP). Our company envisages the
equipment of millions of workplaces worldwide with iTWO technology and
project cost savings of up to 30 per cent.
Konstantin Petratos, Managing Direcor of Cosinus:' In RIB AG, we have found
the ideal strategic investor for our business. The new joint iTWO cloud
solution, which consists of iTWO ERP and iTWO RUN, will connect building
suppliers and secondary construction trades with the main construction
trade and the builders. 5D technology will lead to a worldwide revolution
in the construction industry. Our highly qualified and experienced teams in
Germany, Austria and Switzerland will further strengthen the world-class
team of RIB AG in ERP, MM (material management), HR and CRM. We are now
'running together' and 'building the future'.
About the RIB Group
With over 15,000 customers, the Stuttgart-based RIB Group is one of the
largest software manufacturers in the field of 5D end-to-end technology for
the construction industry.
Founded in 1961, RIB meanwhile holds a leading position in the German
market. The world's largest construction companies, large building
investors, public administrations, architecture and engineering firms as
well as large companies in the industrial and plant construction segment
around the globe optimise their planning and construction processes with
the aid of RIB software systems.
RIB is represented with its own branch offices in the EMEA, North America
and APAC regions.
Further information can be found at: www.rib-software.com.
End of Corporate News
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05.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: RIB Software AG
Vaihinger Str. 151
70567 Stuttgart
Germany
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
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224139 05.08.2013
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