# Schneider Electric launches voluntary takeover offer for RIB Software SE

Schneider Electric announced a voluntary public takeover offer for all outstanding shares of RIB Software SE at EUR 29.00 per share, with a premium of 40.6% over the closing price. A business combination agreement was signed.

- Type: Acquisition
- Announced: 2020-02-13
- Where: Stuttgart, Germany, Germany
- Value: $1.51B (1.40B EUR)
- Status: announced
- Products: construction software

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [RIB Software SE](https://endata.com/companies/45244.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/RIB-SOFTWARE-SE-7313908/news/RIB-Software-SE-Announcement-of-a-public-takeover-offer-by-Schneider-Electric-Conclusion-of-a-Busi-29990050/), 2020-02-13: "The Bidder today announced its decision to launch a voluntary public takeover offer to the shareholders of RIB SE for the acquisition of all outstanding shares of RIB SE for a cash consideration of EUR 29.00 per RIB share."
- [globalconstructionreview.com](https://www.globalconstructionreview.com/schneider-electric-makes-14bn-bid-german-construct/), 2020-02-14: "This key transaction strengthens Schneider Electric's position as a major player in the digital transformation of the engineering and construction industry."
- [batinfo.com](https://batinfo.com/en/actuality/schneider-electric-wants-to-buy-rib-software-developer-software_14823), 2020-02-18: "This operation 'will allow Schneider Electric to strengthen its capacities during the construction phase, which is currently suffering from a high level of inefficiencies due to a very low adoption of digital technologies (less than 5%)'."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.