Schneider Electric Offers $1.5bn For German Software Giant
Expansion and jobs creation on the horizon as Schneider Electric consolidates its market share in the sector.
French electrical equipment company Schneider Electric has agreed to buy one of Germany’s largest construction software companies in a $1.5bn deal.
The move on to acquire RIB Software at 29 euros per share, comes as the company continues to strengthen its portfolio to answer the need for greener energy solutions.
Schneider Electric Chairman and Chief Executive Jean-Pascal Tricoire, said: “This key transaction strengthens Schneider Electric’s position as a major player in the digital transformation of the engineering and construction industry, and brings significant benefits to our customers, streamlining their digital journey from the building to the operation phase.”
RIB Software’s investor ENA Investment Capital has “welcomed the announcement by Schneider” to launch a public offer for all outstanding RIB shares.
RIB CEO Thomas Wolf, told Reuters that “the deal will give the business access to a lot of new clients” and that he expects the transaction to be a generator of new jobs amid expansion.
He continued: “”We are pleased to have found in Schneider Electric a strategic partner who shares our vision to revolutionise the global construction industry and to create a carbon-free and sustainable living space for our children and grandchildren.
“As the current main shareholder, I have decided to offer my shares to Schneider Electric at the offer price, as a clear signal of confidence in their attractive offer, which I fully support in the interest of RIB Software and all RIB shareholders. However, at the request of Schneider Electric, the current management team will continue in their positions, and Michael Sauer (CFO) and I will retain a combined shareholding of approx. 8.7%.”
In a statement, his company added that the proposed transaction with Schneider Electric has been carefully reviewed by the Administrative Board of RIB in the context of its growth strategy vis-à-vis other alternatives.
“In the course of this, RIB Software has talked to multiple parties in order to identify a committed shareholder and strategic partner, who supports the company’s strategy, while at the same time offering all shareholders of RIB Software the opportunity to realize a significant part of the envisaged long-term value creation immediately,” it read.
For the full year of 2019, RIB Software reported revenues of €214.3m, +57% compared to the previous year, and an EBITDA of €50.1m, +32% compared to the previous year.
The organic growth rate for ARR/NRR revenue was 12%. EBITDA margin reaches 23.4%. The company closed 14 M&A deals in 2019.
User target of 30,000 MTWO & iTWO 4.0 was exceeded by over 100% with 69,265 users, according to its latest results.
In 2020, revenue is expected to reach €270m to €310m with an EBITDA of €57m to €65m.
source dataeconomy
Industry: Data Centre / Data Center
Latest Jobs
-
- Infrastructure (Network / Security) Engineer | West London commutable | Permanent
- London
- Apply today
-
Infrastructure (Network / Security) Engineer | West London commutable | Permanent This is an in house opportunity. Looking for someone that has on prem / data center experience MUST be a currently hands on config, Install, upgrade, troubleshooting experience Routing, Switching, Network Security (firewall, IDS etc), Microsoft Active Directory / 365. VMWare Scripting / automation experience wanted. Python, Powershell etc Must be commutable to West London twice a week. Visa sponsorship not available. Apply today for more information Book a call via this link https://calendly.com/d/crqf-t28-7tb
-
- Identity & Access Management Architect
- Edinburgh
- Upto £95000 plus bonus and benefits
-
Location: Edinburgh | Hybrid Working | Permanent Are you an experienced Identity & Access Management professional with a passion for designing and implementing cutting-edge security solutions? We are looking for a Lead Architect, where you’ll play a key role in helping clients enhance their IAM capabilities, protect critical data, and navigate complex security challenges. About the Role As a Lead Architect, you will be responsible for shaping and delivering IAM strategies, designing robust security solutions, and driving long-term digital transformation. You’ll leverage your expertise to provide strategic guidance on areas such as: Identity Governance & Administration (IGA) Privileged Access Management (PAM) Access Management (AM) Entitlement Management Directories & Authentication Solutions You will have the opportunity to work with innovative technologies and frameworks, ensuring that businesses can securely manage access to critical assets while enabling growth. What You’ll Be Doing Providing subject matter expertise in IAM and leading transformation projects for clients Developing IAM roadmaps, operating models, and governance frameworks Driving innovation by integrating IAM capabilities into wider digital transformation strategies Building and maintaining strong relationships with clients and stakeholders Designing and implementing scalable IAM solutions to meet business needs What We’re Looking For Proven experience in IAM strategy, solution architecture, or assurance Strong leadership skills with experience guiding technical teams Ability to work in a client-facing role, delivering clear communication and insights A technology-focused, innovative mindset with strong business acumen Willingness to work from our Edinburgh office 2-3 days per week
-
- Security Architect - Cloud - Consultancy London
- London
- N/A
-
Security Architect with a focus into Cloud (AWS, Azure or Google Cloud Platform) needed. You must have client facing consultancy experience. This mean you must have experience working with clients helping them to meet their security design needs. That could include working with existing internal teams to understand, review and mitigate / uplift existing Cloud Security designs, or perhaps helping clients set out / understand their current needs and deliver their cloud security strategy. (Or anything in between) Technical knowledge is of course essential but working with clients to understand and solve their Cloud Security design challenges is vital. You must obviously have a current history working as a cloud security architect. You will need to be commutable to London. Whilst a hybrid role the expectation is 3 days a week in the office / meeting clients. International relocation or Visa sponsorship isn’t available for this role. Apply on this page and arrange a call here https://calendly.com/d/crpz-m7j-wyx