RIB continues global growth through acquiring Redstack Pty Ltd, a well-established Software Reseller for the AEC and EPC Industry in Australia

October 23, 2019 - Corporate News

The RIB Group today announced the signing of the purchase of Redstack Pty Ltd. The acquisition was carried out via the 60% subsidiary A2K Technologies.

Paul Laycock, Global CEO A2K and Chief Global Advisor for RIB Partner Investment Program today said: “A2K’s investment in Redstack, supported by RIB, will enable the expansion of our position in the Australian market.” Redstack is a well-established and respected reseller of software to the Building and Construction market and the manufacturing market in Australia with over 21 years’ experience. The company is headquartered in Adelaide, South Australia with another office in Melbourne.

Michael Lachs, Managing Director of Redstack, said “There is a great many synergies between the two businesses, and it made a lot of sense to bring the two together. The strength we bring will complement the already strong A2K business. I am very excited about our future.”

“The addition of the Team and systems into A2K Technologies is a strategic move to provide the ultimate client interaction and transaction engine across the globe” further commented Mr Laycock. I am also very excited about being able to offer our clients the best solutions in the 3D printing world. This has been of high interest to the business as we were very early to recognize this being the largest disruptive technology shift since the internet.

RIB has acquired 100% of Redstacks’ shares via its 60% subsidiary A2K at a total cost of $2,764,000.00 AUD and the business will roll 100% into the A2K brand.

Together, A2K, RIB, and Redstack are targeting to win 10,000 MTWO users by 2020 and 100,000 MTWO users in the mid-term, whilst supercharging its continued growth of Autodesk solutions in Australia.

“MTWO is targeting to win 2 million users worldwide in the mid-term and is today one of the most advanced cloud-based enterprise solutions in the AEC and EPC industry,” said Mr. Laycock.

Mr. Laycock went on to say, “We will continue to focus on executing our announced investment strategy and integrate MSP partners in other areas of the world to offer the MTWO platform to more Construction and Real Estate companies to offer access to our MTWO Technology to at least 80% of the global market.”

A2K Technologies is excited to have Redstack as its most recent announcement in its plan of a global corporation to provide solutions to the Architectural, Construction, Engineering and Mechanical Engineering business sectors.

 

About A2K Technologies
A2K Technologies fosters innovation through delivering software and hardware solutions, consulting, training, development and managed services.

Our highly knowledgeable and industry-experienced staff from the Architecture, Engineering, Construction, Infrastructure, and Manufacturing sectors enhances our customers’ organizational capabilities, to deliver on project outcomes and differentiate from the competition.

With a great footprint throughout the ANZ region, A2K has strategic partnerships with many major software and hardware vendors, including Autodesk, Microsoft, Adobe, HP, Bluebeam, Ultimaker, Symantec, and Citrix.

We have become a trusted technology advisor to our customers through the breadth and depth of our service offering and technical expertise, our commercial flexibility and high levels of customer service and understanding. Think technology. Think A2K.

About Redstack
Redstack is a manufacturing and construction industry technology leader, servicing all facets of the Australian market from sole traders to corporate business and government. With 21 years of Australian experience, we provide the expertise, training, and support to assist companies with their realization of increased productivity from technology advancements. Supporting high profile brands like Autodesk, Markforged, Ultimaker, Formlabs, and Dremel.

About RIB

RIB Software SE is an innovator in construction business. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. Its flagship product iTWO 4.0 is the world’s first 5D BIM enterprise cloud solution for construction companies, industrial companies, developers and project owners, etc. Since its inception in 1961, RIB Software SE 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 more than 900 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.

© 2019 RIB Software SE