24 Oct 2019
Vdynamics, an engineering-services provider focused on physical and virtual testing of automotive software and electronic control units, and MobileNext, an automotive software developer, were sold to Formel D, a global service provider to the automotive and supply industry, owned by 3i.
The acquisitions will enable Formel D to reinforce its market position in product development, with a focus on testing and validation and offer a greater range of solutions to its customers. Following its integration, Vdynamics will continue to operate under its own name.
Vdynamics GmbH employs over 100 employees, mainly engineers. Founded in 2012, the company has locations in Munich and Ravensburg offering both engineering expertise and proprietary software solutions. Featuring a 3,500 m² workshop and 2,500 m² of office space, Vdynamics carries out its certified testing processes on ultramodern testing equipment tailored to the specific prototype.
Formel D is a Munich-based engineering service provider focused on physical and virtual testing of automotive software and ECUs (electronic control units). The company develops concepts and scalable solutions for quality assurance and process optimization along the entire automotive value chain – from product development and production to aftersales. Founded in 1993 in Troisdorf near Cologne, Formel D now employs over 10,000 people and is present in more than 80 locations across 20 countries.
“Clairfield’s sector expertise, its proven industry contacts, and analysis of Formel D’s industrial motivation to build on our services and know-how has been instrumental for us in realizing the transaction” says Michael Martin, former shareholder of Vdynamics.
Deal team: Martin Lemmer, Konstantin Zygan
Read more here.