Stuttgart/Frankfurt –Luther Rechtsanwaltsgesellschaft provided legal advice to the shareholders of Munich-based Ruetz System Solutions GmbH on the sale to in-tech GmbH.
in-tech, also based in Munich and a portfolio company of Deutsche Beteiligungs AG (DBAG), acquired 100% of the shares in Ruetz System Solutions as part of the transaction.
The aim of the transaction is to combine Ruetz's experience and expertise in automotive data communication with in-tech's broad range of automotive services, to grow together and to strengthen its market position in the automotive sector.
The closing of the purchase agreement is subject to the foreign trade approval of the BMWK and is scheduled for the current second quarter of 2022.
"Ulrich Philippi, Marilen Hilbert and the Luther team were a decisive building block for our further successful company development. Characterised by professionalism, great communication and a good sense for entrepreneurial perspectives, the cooperation was a complete success," Georg Janker and Wolfgang Malek, founders and managing directors of Ruetz System Solutions, who will continue to manage the business of Ruetz System Solutions, are pleased to report.
About Ruetz System Solutions:
With comprehensive expertise in the field of automotive data communication, Ruetz System Solutions offers vehicle manufacturers and suppliers full service for a smooth and punctual start of production (SOP). The technology partner, based in Munich, offers engineering services covering system specification and integration, compliance testing, technology assessment and training. Test lab solutions include in-house test systems and platforms. With extensive expertise in data transmission for all automotive data transmission standards such as Ethernet, CAN, FlexRay, LIN, MOST, USB and WLAN, Ruetz System Solutions provides competent and reliable support.
On behalf of Ruetz System Solutions: