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Dentons and Noerr Advise on Flex-RIB Software Joint Venture

Dentons and Noerr Advise on Flex-RIB Software Joint Venture

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Dentons and CHSH have advised Flex, the sketch-to-scale solutions provider, and Noerr has advised RIB Software AG, the 5D building information modeling provider, on their entry into a joint venture for the housing and building industries.

The joint project, YTWO Formative, will provide a global cloud-based software solution for the building and housing industries. The new platform will allow companies to manage projects, from planning time, cost, and materials to creating a complete 3D model to end-to-end supply chain management and project completion. Each company will invest approximately USD 60 million into the joint venture.

The Dentons team was led by Joerg Karenfort and Rene Grafunder. Merger control proceedings were carried out in cooperation with Dentons offices in Poland, Slovakia, and the Czech Republic, along with CHSH in Austria. The full Dentons team consisted of Berlin-based Associates Anna Ritte and Laura Appell, London-based Partners Martin Fanning and Adrian Magnus and Managing Associate Alex Haffner, Warsaw-based Partner Agnieszka Stefanowicz-Baranska and Junior Associate Tomasz Kordala, Prague-based Partner Tomas Bílek and Senior Associate Vladimíra Kubova, Bratislava-based Partner Zuzana Simekova and Associate Maros Kocis, Chicago-based Partner Michael Froy, Hong Kong-based Partner Keith Brandt, and Muscat-based Partner Paul Sheridan.

The Noerr team advising RIB Software AG consisted of Frankurt-based Partners Laurenz Wieneke and Till Kosche, Berlin-based Partner Kathrin Westermann, Frankfurt-based Associated Partner Fabian Badtke, and Berlin-based Associate Robert Pahlen.

 CHSH did not reply to our inquiries on the matter.

Editor's Note: After this article was published, CHSH announced that its team consisted of Partner Bernhard Kofler-Senoner, Attorney Michael Mayer, and Associates Johannes Frank and Stefan Hirner.

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