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.
The cooperation is a restart of the Asian business partner strategy. CEO Carl Silbersky, CTO Ben O’Donnell and BIMobject founder Stefan Larsson will be appointed as board members of the JV and Thai subsidiary.
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.