BIMobject announced a strategic partnership with CPAC, a subsidiary to SCG, a cement and building materials manufacturing company valued USD 15.6 billion. The partnership is formed as a joint venture (JV), where BIMobject secures minimum USD 500,000 annually during the first five years of operation in license fees. The cooperation is a part of BIMobject’s strategy and aims to establish the technology and platform in Asia. CPAC and BIMobject envisage that the joint venture will capture a market-leading position and drive strong growth by leveraging the BIMobject platform and its scalable technology for object creation. The joint venture will be Bangkok-based and responsible for the leveraging of BIMobject technologies and to support BIM advancements for Thai building product manufacturers. BIMobject grants a technology license and will own 49% of the joint venture, while SCG’s subsidiary, CPAC, will own 51%. Financially, BIMobject will receive annual license proceeds of minimum USD 500,000 during the joint venture’s first five years, and 35% of web service sales thereafter. BIMobject Thailand’s business operations are expected to commence in the second quarter of 2020.
Bimobject AB is a Sweden-based company active in the field of information technology. It supports corporate customers with technology and services related to computer-aided design (CAD) and building information modeling (BIM). It assists building producers and interior manufacturers in development and management of digital replicas of their products as BIM objects, either starting from two-dimensional drawings, CAD data or scanning the physical form of buildings and products. The BIM objects allow carrying detailed physical representation of products, as well as links to product information, websites, contact details and assembly instructions. The Company offers a cloud-based database for BIM objects, BIMobject software applications for formats such as Autodesk Revit and Atlantis (BIM Render), services such as modeling, programming, scripting and conversion, market analysis and online seminars. It operates subsidiaries in Italy, the United States and Poland.
BIMOBJECT AB 
