AVL Acquires Majority Stake in FIFTY2 Technology in Germany
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The globally active high-tech company AVL List GmbH has acquired 70% and thus the majority of shares in FIFTY2 Technology GmbH in Freiburg, Germany.
The start-up FIFTY2, which emerged from the University of Freiburg, has developed the innovative software tool PreonLab, which enables the simulation of previously unrealisable applications in fluid dynamics.
AVL has held 30% of the shares in FIFTY2 Technology since 2020. AVL is now expanding this partnership by acquiring a majority stake of 70%. This underlines AVL's strong commitment to expanding its expertise in simulation and software.
Prof Helmut List, CEO of AVL, explains: "This step represents a significant strengthening and expansion of AVL's simulation competences."
PreonLab is the technology and market leader in particle-based flow simulation, enabling customers to achieve valuable results with minimal training by balancing efficiency, accuracy and ease of use.
"The purchase supports the current and future trend towards virtualisation by enabling early design decisions in the development process. This allows our customers to speed up development and reduce the cost of hardware prototypes. Overall, this contributes significantly to achieving the ESG goals," says Dr Roland Wanker, Vice President of AVL Advanced Simulation Technologies.
"Thanks to AVL's unique engineering know-how and strong sales force, as well as our expertise in the field of particle-based fluid simulation, we were able to quickly make a name for ourselves worldwide with PreonLab and jointly establish a market-leading position," explain the two founders and managing directors of FIFTY2, Dr Markus Ihmsen and Jens Cornelis.
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
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Contact
Dr. Markus Tomaschitz, Unternehmenssprecher AVL
Tel.: +43 664 100 0289
E-mail: Markus.Tomaschitz@avl.com