Stuttgart, 03 April 2017. RIB Software AG, the world’s leading provider of 5D BIM Big Data technology for the construction industry, has entered into a European Stock Company (Societas Europaea / SE) and is now trading as RIB Software SE. The new legal form has today been registered in the commercial register and thus has become formally effective.
The conversion into the supranational legal form of the SE is intended to take account of the transnational business activity and orientation of the company.
The Annual General Meeting on 31 May 2016 had decided on the conversion following the submission of the corresponding resolution by the Executive Board and the Supervisory Board. The RIB Software SE has a monistic management system.
The Administrative Board of RIB Software SE consists of eight members, five of which are members of the Supervisory Board and three members of the Executive Board of the company up top now. The former Chairman of the Executive Board, Thomas Wolf, has been elected as the Chairman and the previous Chairwoman of the Supervisory Board, Sandy Möser, as Deputy Chairwoman of the Board of Directors. Managing Directors are the former members of the Executive Board, Thomas Wolf, Michael Sauer and Helmut Schmid.
The rights of shareholders and employees are not affected by the change of the legal form. The company headquarters remains Stuttgart.
The shareholders of RIB Software AG have automatically become shareholders of RIB Software SE upon the implementation of the conversion. There are also no effects on the stock exchange trading of RIB Software shares.
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.