RIB forms joint venture with Silicon Valley based Flex (prev. Flextronics)
The RIB Group is partnering up with Flex (previously known as Flextronics International Ltd. or Flextronics) to form a joint venture for an international web-based platform for construction project management, linking design to supply and execution.
Flex, a leading global electronics manufacturing services and supply chain solutions company, counts amongst its clients renowned Fortune 500 companies of the consumer electronics, sports apparel, medical and software industries.
Its unparalleled global footprint spans 13 industries, each of which contributes to Flex’ revenues in excess of 1 billion USD, 16,000 suppliers in over 100 locations and 30 countries worldwide. Annually, it produces 10,000 new products, employing more than 8,000 supply chain management professionals who manage a material volume of 22 billion USD. It is uniquely positioned in its industry by offering sketch-to-scale solutions.
By entering the joint venture with RIB, Flex now offers its design, engineering, manufacturing and supply chain services and solutions to building and housing companies.
Both companies invest 60m USD in the joint venture for an equal share of the newly founded company.