RIB Software SE (RIB) signs a MTWO Phase-II-contract (No. 03 / 2021) with Avintia Group
DGAP-News: RIB Software SE / Key word(s): Contract/Agreement
14.01.2021 / 16:24
The issuer is solely responsible for the content of this announcement.14-January-2021
*RIB Software SE (RIB) signs a MTWO Phase-II-contract (No. 03 / 2021) with Avintia Group*
Madrid, Spain, 14 January 2021. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of a MTWO Phase-II-contract with Avintia Group.
Avintia Group has signed a contract with RIB to implement MTWO. MTWO combines iTWO 4.0 technologies with Microsoft Azure, to offer a first class integrated 5D BIM solution for digital management of construction phases. The solution connecting processes, people and data in one single platform. Avintia Group is a reference in the Spanish construction market thanks to its strong commitment to promote innovation and industrialized construction.
MTWO virtualize end-to-end the construction process, including prefabrication phases, which will enable Avintia Group to have all the project information throughout the entire value chain. With this solution, the supply chain between its factories and project sites is guaranteed, deadlines are ensured, errors are reduced and optimized maintenance costs over the life of the building.
Avintia Group, the leader in residential construction in Spain, has been positioned in less than a decade as one of the most active industrial groups in the construction-real estate industry, expanding its activity towards real estate management, services, and energy field. A reference in the market thanks to the quality, adaptability, and innovation of its solutions and processes.
The company has launched ÁVIT-A, a comprehensive system of industrialized construction, based on new construction and collaborative model with which it is creating an R&D&I (Research, Development and Innovation) ecosystem with leading international brands in the industry. ÁVIT-A understands construction as the process involving design and manufacturing through to assembly, using the most innovative techniques and integrating solutions that partners have developed for projects within the production and assembly chain.
ÁVIT-A aims to change the paradigm of the construction industry giving rise to a new industrial construction process based on innovation and collaboration in order to industrialize almost 100% of the structural elements of the construction, that is, assembling them at the construction site.
Juan Jesús González, General Director of Planning and Organization of Avintia Group: "MTWO is the core of the entire system because through technology it allows removing the human error that exists in this type of project and to parameterize all construction processes. It minimizes the risks of the project, logically it allows us to grow and make industrialized construction a reality, offering a successful product."
Mads Bording Rasmussen, Executive Board Member of RIB Group: "We are very proud of the close collaboration with Avintia in recent years and to have the opportunity to accompany them in the new strategic project, ÁVIT-A. The trust placed in MTWO for its industrialization process is the confirmation of the value of integrating all processes, from design to operation, going through prefabrication and construction, on a single platform as a true accelerator of the digital transformation process."
*About Avintia Group*
Avintia Group, whose core business is construction, covers, manages, and controls in an integral way, the entire value chain of the construction-real estate cycle: from land development to real estate management, through the development and execution of projects. The Company, born as a construction company in 2007, has positioned itself as one of the most active industrial groups in the field of construction, being a leader in construction in Spain and a leading company of reference within the sector, thanks to its management and management systems and their own innovative corporate culture. Avintia Group organizes its activity around five divisions: Construction, Industrial, Real Estate, Energy and Services, with which it responds to new social and market challenges, putting the same seal of quality and excellence in all the projects it undertakes.
*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 experiences 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 21^st century.
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14.01.2021 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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1160735
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