RIB Software open for anchor investor to boost digital strategy

RIB Software is open for talks with potential long-term investors that could help the German construction IT developer roll out its digital strategy, Chief Executive Thomas Wolf told business daily Handelsblatt.
Wolf, who is also the company’s biggest shareholder with a stake of around 17%, told the paper he was not looking for a strategic partner, “but we are open for talks that can help us over the next decade”.
The report cited Wolf as saying a third-party investment of 20% to 30% of company’s share capital would be an option.
“We are thinking of people who want to digitally transform the construction sector,” he was quoted as saying, adding that a potential investor could be a company pursuing strategic interests or private equity.