RIB Software: Acquisitions as a driving force

RIB Software has a 51 percent stake in Bochaosoft from China. The purchase price is $ 28.6 million. There is no information on the Chinese financial figures. There seem to be around 350 employees at Bochaosoft, of whom 120 work in the research area.

At RIB, acquisitions remain an important driver. Last year, 87 million euros were spent on it. In the future, this sum could increase to 100 million euros per year.

Schneider Electric now holds 87.6 percent of RIB software. Another 9.1 percent lies with the company’s management. The free float is thus around 3.3 percent. It is unclear whether there will be a squeeze out in these circumstances. However, since the price is around 10 percent below the offer price from Schneider Electric, the market does not currently seem to expect such an offer.

With this in mind, Pareto Securities analysts stick to their recommendation to hold RIB Software shares. As before, the target price is EUR 29.00.

The shares of RIB Software today gain 2.1 percent to EUR 25.72.


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