23.10.2020

Luther advises Fiege on its stake in an AI and Big Data start-up

Brussels/Greven/Münster - The FIEGE Group, a globally operating full-service logistics provider, has acquired further shares in the data analysis start-up Westphalia DataLab (WDL). The European Commission has cleared the transaction.

Background

WDL develops data science software solutions that use machine learning and artificial intelligence (AI) to increase the success of companies. In addition to its own Software as a Service (SaaS) products, such as fully automated "forecasting" solutions for forecasting product sales and reducing inventory and personnel costs, the start-up also provides data science and AI consulting to companies from all industries.

The FIEGE Group, whose registered office is in Greven, Germany, has been involved in the Münster-based start-up as a co-founder and strategic investor (so-called "seed investor") from the very beginning. Thanks to the support of the logistics company, which itself is one of WDL's customers, the start-up, which has been awarded several industry prizes, has been able to grow strongly within the first three years of its foundation.

On behalf of the FIEGE Group:

Luther IP Law: Dr Maximilian Dorndorf (Partner)

Luther Antitrust Law: Dr Helmut Janssen LL.M. (Partner), Lukas Kienzle LL.M. (Senior Associate)

Author
Dr Maximilian Dorndorf

Dr Maximilian Dorndorf
Partner
Essen
maximilian.dorndorf@luther-lawfirm.com
+49 201 9220 24027

Dr Helmut Janssen, LL.M. (King's College London)

Dr Helmut Janssen, LL.M. (King's College London)
Partner
Brussels, Dusseldorf
helmut.janssen@luther-lawfirm.com
+32 2 627 7763 / +49 211 5660 18763 / +49 1520 16 18763

Lukas Kienzle, LL.M. (College of Europe, Bruges)

Lukas Kienzle, LL.M. (College of Europe, Bruges)
Senior Associate
Brussels
lukas.kienzle@luther-lawfirm.com
+32 2 627 7764 / +49 1520 16 18131