RIB acquires additional 20% in A2K and PhoenxPLM, increasing its stake in both companies to 60%
Brisbane, Australia, 08 November 2018. RIB Software SE, the world’s leading provider of iTWO 5D BIM Cloud enterprise platform technology for the building, construction and infrastructure industry, today announced the increase in its stake from 40% to 60% in A2K and PhoenxPLM. The purchase price will be entirely paid with own shares.
In September 2018, the RIB Group acquired 40% each of A2K and PhoenxPLM in the context of the second MTWO MSP partnership agreement and strategic investment out of the March 2018 capital increase. Following this initial acquisition, and reviewing the opportunity presented by their unique positioning in the construction and infrastructure space, RIB has increased its investment to 60% of the group. A2K is headquartered in Brisbane and has offices in Sydney, Melbourne, Adelaide and Perth in Australia and Auckland in New Zealand. PhoenxPLM is an entity associated with A2K and the only Gold Certified Siemens PLM Partner in the ANZ area.
A2K is already highly skilled in the construction space and will be expanding Microsoft Azure capabilities in their existing portfolio. This approach is expected to deliver 10,000 MTWO users by early 2020 in a short-term manner and 100,000 MTWO users in the mid-term. The target customers for MTWO are, in most cases, existing clients of A2K.
About A2K Technologies
Founded in 1986, A2K Technologies fosters innovation through delivering software and hardware solutions, consulting, training, development and managed services. Covering the entire ANZ region, A2K has become a trusted technology advisor to their customers through the breadth and depth of their service offering, technical expertise and high levels of customer service and understanding.
PhoenxPLM is a leading Solutions Provider for the manufacturing sector in Australian and New Zealand. It has offices based in Brisbane, Sydney, Melbourne, Adelaide and Perth, backed by a team of highly skilled hands on technical experts. PhoenxPLM is the only Gold Certified Siemens PLM Partner in Australia and New Zealand, which provides unrivalled knowledge and services to support Siemens PLM’s NX portfolio and Teamcenter PLM software solutions.
About RIB Group
RIB Software SE is an innovator in the building and construction industry. The company 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 experience in the construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing 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 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.