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4-Traders Homepage  >  Equities  >  Xetra  >  RIB Software SE    RIB   DE000A0Z2XN6

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RIB Software : RSTA) signs a Phase II Deal with Kimly Construction in Singapore to use its iTWO 5D Big Data Technology

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06/10/2014 | 08:37am CEST

10.06.2014 - Corporate News

Singapore, 10 June 2014. RIB Group today announced they have signed a Phase II Agreement with Kimly Construction for the first international Phase II contract that will use iTWO 5D Big Data Technology integrating iTWO & iTWO Finance. They will roll out iTWO 5D technology across the whole enterprise and integrate the virtual 5D simulation with the Physical Execution, with a Big Data single source of truth database for all their projects. As a result, Kimly would be able to deliver on their mission of providing high quality high rise residential construction projects on time and in budget to their clients through RIB's world leading 5D Big Data win and deliver technology platform. Kimly have also been recently awarded the prestigious Commonwealth Towers project, a landmark ultra-luxurious High Rise residential tower in the heart of Singapore.

Kimly Construction is one of the most innovative Construction companies in Singapore, and one of the pioneers of utilizing BIM technology working closely with the Building and Construction Authority of Singapore (BCA) with their initial project in 2010. This next step represents a leap forward to the next level, bringing the 3D BIM into an integrated end to end 5D executing and delivery platform operationally.

Mr Thomas Wolf, CEO and Chairman of RIB Software AG: "We are pleased to have Kimly Construction as an additional strategic partner for the South East Asia region. We believe with this new thinking method using RIB iTWO and RIB iTWO Finance, they are now able to win and deliver more projects using the new construction method."

Mr. Sanjay Sivanandan, President of RIB Asia Pacific & Middle East, stated that: "BCA and the government of Singapore have been promoting BIM as part of the broader initiative of increasing productivity in the Singapore construction industry through the use of technology. We are delighted to have innovative clients such as Kimly as technology partners that have the vision to recognize that the use of the RIB iTWO 5D platform will greatly enable them to improve their productivity, reduce costs, time and risk and also improve profitability.


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EBIT 2017 25,4 M
Net income 2017 15,7 M
Finance 2017 144 M
Yield 2017 1,10%
P/E ratio 2017 43,86
P/E ratio 2018 39,54
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Thomas Wolf Chairman-Supervisory Board & CEO
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