AVL acquires shares in FIFTY2 Technology in Germany

The global high-tech company AVL List GmbH has acquired shares in FIFTY2 Technology GmbH, located in Freiburg, Germany. Originating from the University of Freiburg, the start-up FIFTY2 developed the innovative software tool PreonLab, which enables the simulation of previously impossible fluid dynamics applications. Helmut List, CEO of AVL: "This important step will strengthen and expand AVL's simulation skills even further."

The two companies have already been working together successfully for several years. AVL's entry as a shareholder now reinforces this partnership. Roland Wanker, Vice President AVL Advanced Simulation Technologies, is convinced that "with PreonLab, we are opening up completely new possibilities for our customers to simulate liquids in a significantly shorter time, with less effort and with impressive visualization capabilities."

"Thanks to AVL's unique engineering know-how and strong sales organization – paired with our expertise in the field of particle-based liquid simulation – we were able to quickly attract worldwide attention with PreonLab and win many enthusiastic customers," explain the two founders and managing directors of FIFTY2, Markus Ihmsen and Jens Cornelis.

About AVL

With more than 12,200 employees, AVL is one of the world's leading mobility technology companies for development, simulation, and testing in the automotive industry and in other sectors such as rail, marine, and energy. Based on extensive in-house research activities, AVL delivers concepts, technology solutions, methodologies, and development tools for a greener, safer, and better world of mobility and beyond.

AVL supports international partners and customers in their sustainable and digital transformation. The focus lies on the areas of electrification, software, AI and automation. In addition, AVL supports companies in energy-intensive sectors on their way to a greener and more efficient energy generation and supply.

Innovation is AVL's passion. Together with an international network of experts at more than 90 locations and 45 Tech and Engineering Centers worldwide, AVL is driving the future of mobility. In 2023, the company generated a turnover of 2.05 billion Euros, of which 10 % are invested in R&D activities.

For more information: www.avl.com