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RIB Software Buys 75% Stake In Vienna's SAA Software Engineering

RIB Software AG (RSTAY.PK), a construction 5D Big Data enterprise project delivery solution provider, Tuesday said it signed a deal for the acquisition of a 75% stake in SAA Software Engineering GmbH, Vienna, Austria.

SAA offers intelligent high tech machine control solutions ensuring trouble-free production throughout the entire production process. SAA, with automation of precast concrete plants, is serving customers in Europe, America, Russia, Asia, Middle East as well as Australia and Africa.

RIB said that with the latest investment, it is now standing on the brink of a fourth industrial revolution. In using iTWO 4.0 technology the company will enable Architects, Design Institutes and Engineers to simulate production and logistics processes already in the design stage.

"Running together" iTWO and SAA experts will enable the construction industry to offer projects more cost-effective, faster and with higher quality by industrial prefabrication of components and component groups.

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