Digital product library specialist BIMobject has announced a strategic partnership with CPAC, a subsidiary to SCG, a cement and building materials manufacturing company.
The cooperation is part of BIMobject’s strategy to establish the technology and platform in Asia.
BIMobject will grant a technology license and will own 49% of the joint venture, while CPAC will own 51%. BIMobject will receive annual license proceeds of $500,000 minimum during the joint venture’s first five years, and 35% of web service sales thereafter. BIMobject Thailand’s business operations are expected to begin in the second quarter of 2020.
The two companies envisage that the joint venture will capture a market-leading position and drive strong growth by leveraging the BIMobject platform and its scaleable technology for object creation.
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