16-July-2020

RIB Software SE (RIB) signs a Phase-II-contract (No. 19 / 2020) with Mitnija

Copenhagen, Denmark, 16 July 2020. 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 Phase-II-contract with Mitnija.

Combining more than 50 years of construction experience in the Lithuanian market with cutting-edge expertise and skilled professionals, Mitnija provides its clients with creative and innovative construction solutions.

Mitnija offers a complete package of construction services. They build commercial, residential and industrial projects and have expertise in the construction of railways and other infrastructure projects. Mitnija main market is Lithuania but in 2016 the company started its operations in the United Kingdom and Latvia. It is considering expansion into other stable European markets.

Mitnija is certified and working in compliance with ISO 9001 international quality management and 14001 environmental management standards. In 2019, Mitnija's sales totaled EUR 109 million. The company has more than 330 employees. In 2018, Mitnija became the largest construction company in Lithuania (based on sales from core business of construction-related services).

Julius Gendvilis, CEO of Mitnija: "Mitnija always aims to increase efficiency of its core operations and internal processes and we understand it as a never-ending continuing procedure, which needs special tools. Teaming up with RIB iTWO 4.0, a 5D BIM Big Data technology we find it as the best way of accomplishing our targets. After complete integration, we are aiming to change the way we build: digitalized planning and execution process, cloud-based communication internally and with external parties, compliance with international norms and standards. Furthermore, Mitnija will ensure much faster construction - our virtual design system will connect all project data and automatically track and implement changes in the projects. We are looking forward to start this cooperation based on partnership and mutual understanding".

Mads Bording Rasmussen, Executive Board Member of RIB Group: "I am very proud of RIB and Mitnija partnering up supporting enterprise digitalization. Mitnija is our first light-house client in the region. The customer covers a wide range of the value chain from the first offer calculation and contract management to the digital connection of the construction site and billing. The web-based iTWO solution thus again proves the value of a fully integrated value chain from early engagement throughout execution and operations".

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.