AVL List acquires shares in FIFTY2 Technology
Graz/Frankfurt/Freiburg — The globally active high-tech company AVL List GmbH has acquired shares in FIFTY2 Technology GmbH, based in Freiburg. FIFTY2 has developed the innovative software tool PreonLab, which enables the simulation of previously unrealizable fluid dynamics use cases.
A successful sales partnership has already existed between the two companies for several years. The entry of AVL as a shareholder now reinforces this partnership. With this step, AVL strengthens and expands its simulation competencies. Compared to conventional solutions, PreonLab opens up new possibilities for customers to simulate fluids in considerably less time, with less effort and impressive display capabilities. This simulation technique is used in particular by the automotive industry.
AVL is the world’s largest independent company for the development, simulation and testing of powertrain systems (hybrid, combustion engines, transmissions, electric motors, batteries and software) for passenger cars, commercial vehicles and large engines. AVL employs over 10,400 people worldwide. In 2018, sales amounted to 1.75 billion euros.
FIFTY2 Technology GmbH was founded as a startup in 2015. Research on the PreonLab software tool began a decade ago at the University of Freiburg and is based on using mathematics and computer code to create simulations that replicate nature. Physical simulations can help provide insights early in the development cycle in many areas of engineering. Engineers are thus enabled to produce more innovative and safer products.
FIFTY2 Technology GmbH and its two founding shareholders and managing directors, Markus Ihmsen and Jens Cornelis, were comprehensively advised on the transaction by an M&A team from the commercial law firm Friedrich Graf von Westphalen & Partner (FGvW) in Freiburg, led by partner Dr. Hendrik Thies. The contact between FIFTY2 and FGvW came about through a recommendation.
AVL List GmbH was advised by the Frankfurt office of CMS Hasche Sigle, led by Dr. Jochen Schlotter.
Advisor to FIFTY2 Technology GmbH and its founding shareholders: Friedrich Graf von Westphalen & Partner, Freiburg
Dr. Hendrik Thies, Partner (Lead Partner, Corporate, M&A)
Dr. Jan Henning Martens, Partner (Corporate, Startups, Venture Capital)
Dr. Stefan Lammel, Partner (Corporate Finance)
Dr. Morton Douglas, Partner (IP)
Dr. Matthias Jünemann, Partner (Family Law/Inheritance Law)