07.08.2019 11:20:02

DGAP-News: RIB Software SE acquires 100% of the shares in CCS UK via its 70% subsidiary CCS South Africa

DGAP-News: RIB Software SE / Key word(s): Investment
RIB Software SE acquires 100% of the shares in CCS UK via its 70% subsidiary CCS South Africa

07.08.2019 / 11:20
The issuer is solely responsible for the content of this announcement.


07-August-2019

RIB Software SE acquires 100% of the shares in CCS UK via its 70% subsidiary CCS South Africa

Johannesburg, South Africa, 07 August 2019. RIB Software SE, the world's leading provider of iTWO 4.0 Cloud Enterprise Platform Technology for the construction and real estate industries, today announced the successful signing of the 100% acquisition of CCS UK. The acquisition was carried out by CCS South Africa (CCS SA), a 70% subsidiary of RIB Software SE.

CCS UK is the exclusive distributor of CCS SA's construction management software Candy in the United Kingdom and Ireland. CCS SA is seeking to grow its market share in the United Kingdom and Ireland by investing in CCS UK and introducing CCS SA's BuildSmart software to the market to ensure growth as well as continuity for CCS's existing clients.

"With our partner CCS UK, we have already achieved an excellent market position in UK with almost 80 clients, including some of the biggest construction companies. With the investment we have now made, we see an excellent opportunity to introduce Buildsmart to the UK market on the one side and to broaden the use of Candy on the other side, which is already extensively used in the UK. Our unique complete enterprise solution offers a significant opportunity for CCS to grow in one of the largest construction markets in Europe", says Andrew Skudder, CEO of CCS.

About RIB Group

RIB Software SE is an innovator in building and construction industry. The company creates, develops, and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and brining in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 1,400 talents in more than 20 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.

About CCS

Since 1982, CCS has provided specialised software solutions to the construction & engineering industry. It today serves more than 40,000 Users in over 50 countries, including many of the world's largest construction & engineering companies. CCS adds value to every stage of the project lifecycle in delivery of the built environment. We do this from the first estimate to the final account, though our estimating, project control, cost and enterprise management software suite of Candy and BuildSmart. These two products work seamlessly together providing a unique complete cost and enterprise management solution to the construction and engineering industry. www.ccssa.com



07.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: RIB Software SE
Vaihinger Str. 151
70567 Stuttgart
Germany
Phone: +49 (0)711-7873-0
Fax: +49 (0)711-7873-311
E-mail: info@rib-software.com
Internet: www.rib-software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Indices: SDAX, TecDAX,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 853497

 
End of News DGAP News Service

853497  07.08.2019 

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