RIB AG (RSTA) signs Phase I agreement with Technip, a global leader in project management, engineering and construction for the energy industry

December 5, 2013 - Corporate News
Atlanta, GA, USA, 05 December 2013. RIB Software AG the world’s leading 5D end-to-end enterprise solution provider has signed a Phase I agreement with Technip in the UK, a leading company in the energy industry, to implement iTWO to support Technip’s tender estimation processes for its Business Development Group within the UK Business Unit (UKBU).

Present in 48 countries, with 38,500 people, Technip is a world leader in project management, engineering and construction for the energy industry. The group offers solutions and innovative technologies, meeting challenges, from the deepest subsea oil & gas developments to the largest and most complex offshore and onshore infrastructures. Technip shares are listed on the NYSE Euronext Paris exchange and traded in the USA on the OTCQX marketplace. The company was recognized for its performance in the Dow Jones Sustainability Indexes. iTWO will help Technip in the UK continue to enhance its tender estimation process.

“We are very excited about delivering iTWO to Technip to support their vision of a more integrated and sustainable estimation and tendering solution”, said RIB U.S.COST SVP Mickey Carr. “Technip has a strong commitment to sustainable development and lean construction which aligns to the RIB principles and we see Technip as a leader in the global energy market and a partner with RIB as we define the new future of project delivery.”

“As a new customer, Technip represents one of the most significant opportunities of the year.” said RIB U.S.COST, CEO Charles Aguirre. “Our primary focus will be to deliver iTWO platform for Technip as the best possible solution to support their growing business across the globe.”

About RIB

RIB Software SE is an innovator in construction business. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in iTWO³ – new thinking, new work and new technology – to enhance construction productivity, and to transform the global construction industry into the most advanced and digitalized industry in the 21st century. RIB iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction, real-estate and industrial business.

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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