Dr. Hauke Feickert, managing partner: “Against the background of digitization, our goal as a medium-sized construction company is to standardize processes within our group of companies and to enable even more efficient cooperation between all project participants. We hope that the combination of various commercial and technical RIB applications in a combined iTWO platform will lead to significant improvements in terms of cost transparency, project organization, and data maintenance.”
During the investment phase, Group revenues increase significantly by 47.6% to € 46.5 million
RIB announced the signing of the fifth MTWO investment agreement with UK based Cadline Limited. The deal was executed through A2K, a 60% subsidiary of RIB with extensive building and construction knowledge, now actively selling MTWO in Australia/New Zealand.
The construction company Echterhoff, based in Westerkappeln (Germany), was founded in 1860 and employs over 500 people at its eight locations in Germany. Erik von Stebut, Managing director/authorized signatory of RIB in Germany: “ With the iTWO platform, the customer has opted for an innovative solution that enables the consistent integration of virtual and physical construction processes and thus optimally supports the Echterhoff Group’s digitization strategy.”
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Senior Partner of McKinsey & Company, Dr.-Ing. Gernot Strube, spoke at iTWO World 2018 and shared his insights on the “avalanche” of change in the construction industry, the key drivers of the avalanche and how do we brace for the avalanche.
Mads Bording Rasmussen, COO and member of the Executive Board of RIB Software SE, recently sat down to talk about the company’s strategies and how they are empowering the construction industry’s digital transformation.
It’s well known that the construction and real estate industries have been slow to adopt new technologies. But many signs point to the fact that digitization in construction is about to catch on in a big way, according to Thomas Wolf who is both the CEO of RIB Software and the interim CEO of a new RIB joint venture with supply chain solutions provider Flex, called YTWO. In February 2018, Voices spoke with Mr. Wolf about how to overcome barriers to digitization, the role of cloud technology, and what industry leaders must do to prepare for—and embrace—change.
Technologies that fully adopt the tenets of Industry 4.0 provide us the opportunity to take our digitalized content and integrate them with industrialized processes to revolutionize the construction industry.