Aachen (08-Apr-2019). Today Saint-Gobain Germany and RIB Software SE announced the formation of a new joint venture SGTWO. For RIB, the 100% subsidiary YTWO will act as shareholder of the new company.
SGTWO, a public company under the laws of Germany (Aktiengesellschaft), combines Saint-Gobain’s rich competence in innovative building solutions with RIB’s 5D BIM and AI technologies. The objective of the joint venture is to improve the way of modular building and planning in an enhanced 5D BIM solution. The new company will be headquartered in Düsseldorf, Germany.
The joint venture with RIB is a next important step of the new digital strategy of Saint-Gobain. With SGTWO Saint-Gobain, one of the world’s largest producers of building materials, and RIB, a leading provider of 5D BIM technology to the construction and real estate industries, are increasing the efficiency of planning by creating a more realistic and better presentation of the building than in a classic BIM model. In addition to optimized planning, the benefit in controlling the execution is the constant, prompt comparison of target and actual values.
“With RIB, we have found an extremely strong and experienced partner for our strategy to put digital at the heart of our business. With SGTWO, we are creating a new planning experience for our customers using latest technological advances, such as BIM and AI. We are very pleased to launch this new and exciting business as reference for our ongoing Growth strategy”, said Raimund Heinl, CEO of Saint-Gobain Germany and Austria.
“In our mission to digitalize the construction industry’s ecosystem, we have found in Saint-Gobain a like-minded partner, with an unmatched history of growth, innovation and success in building materials. Saint-Gobain and RIB share a commitment to make construction more efficient, more sustainable and more productive. We are extremely proud to be forming this new venture with Saint-Gobain”, said Tom Wolf, CEO of RIB Software SE.
Saint-Gobain is present in 67 countries with more than 180 000 employees. Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
About RIB Software SE
RIB Software 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 building and 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 1200 talents in more than 30 locations worldwide. RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.