VI-grade will support Spectris in delivering a complete solution for the development of next generation ADAS and autonomous vehicles.
LONDON & FRANKFURT, 24 July 2018 – Hampleton Partners, the international mergers and acquisitions and corporate finance advisory firm for technology companies, advised VI-grade GmbH, a leading provider of best-in-class turnkey solutions for system level simulation, on its acquisition by Spectris Plc., supplier of productivity-enhancing instrumentation and controls. This is the third automotive tech transaction completed by Hampleton Partners in the last 12 months.
“Hampleton helped us find a great partner, whose reputation, experience and product portfolio will enable VI-grade to achieve its global growth and continue to deliver complete system level simulation to clients globally,” says Jürgen Fett, Co-Founder & CEO of VI-grade. “We are very excited to join the Spectris team and lead the charge together, creating collaboration between simulation, instrumentation and proving grounds.”
The transaction offers Spectris an outstanding opportunity to provide its current and new clients with a complete turnkey simulation solution including hardware, software and services.
David Riemenschneider, Hampleton Director and seasoned automotive veteran, who has worked and completed deals in the automotive industry for over three decades, commented: “We are very pleased to have found the best possible partner for VI-grade, who will continue to grow the company to its fullest potential. It has been a great pleasure advising the VI-grade executive team, whose strong motivation, tenacity, incredible talent and experience in vehicle simulation has enabled them to create a market-leading simulation solution.
“We are proud to have advised on this transaction, where we have found the partner that fits the team seamlessly but also offered the best value to the shareholders. I look forward to witnessing VI-grade’s continued growth in the future.”
Hampleton Partners’ Principal Partner and Founder, Miro Parizek, commented: “As Hampleton Partners’ third automotive technology transaction in 12 months, VI-grade’s successful sale to Spectris by our experienced industry team adds yet more evidence to our statement that strategic and in-depth understanding of the automotive industry, technology and financial markets leads to game-changing transactions.”
The engagement was led by David Riemenschneider with Anton Røthe leading the analyst resources for Hampleton.