RIB SOFTWARE AG (FRA:RSTA) RIB Software AG: Formation of a Joint Venture with leading global manufacturing Company //Increase of EBIDTDA forecast
Directive transparence : information réglementée
12/09/2016 06:05
RIB Software AG / Key word(s): Joint Venture/Forecast
12.09.2016 06:05
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc-Announcement
RIB Software AG
- Formation of a Joint Venture with leading global manufacturing Company
- Increase of EBIDTDA forecast
Publication of Inside Information under Article 17 MAR
Stuttgart, 12. September 2016 - RIB Software AG (ISIN DE000A0Z2XN6) ("RIB")
has agreed on the formation of a joint venture with a leading global
manufacturing service provider for the formation of an international web-
based platform for construction project management spanning from design,
estimation, cost and end-to-end supply chain management. RIB will invest
USD 60 million in the USD 120 million joint venture company for 50 percent
ownership and, based on a software delivery order contract (Phase III), RIB
will provide latest iTWO 4.0 Cloud Technology software to the joint venture
for license fees in the amount of USD 45 million. In addition, the joint
venture will obtain supply and manufacturing services from the
manufacturing service provider.
RIB increases its EBITDA guidance for 2016 from EUR 20-25 million to EUR
27-32 million. The revenue guidance remains unchanged.
12.09.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: RIB Software AG
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: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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