GP Bullhound acted as exclusive financial advisor to R&D and Software Development service providers IT SONIX and XPURE and their shareholders on their sale to Data Respons ASA, a leading player in IoT and Industrial digitalisation.
Leipzig-based IT SONIX GmbH and XPURE GmbH are leading specialized R&D and Software Development service providers, active primarily in the telematics and logistics sector serving major automotive OEMs. The companies, with their 125 employees, offer a wide range of custom software from IoT and “connected car” solutions to mobile and embedded applications.
Dr. Andreas Lassmann, CEO of IT SONIX and XPURE, commented: “We are looking forward to becoming a part of Data Respons as both companies share the same technology profile, corporate culture and have a proven track record in delivering highly innovative solutions to their clients. Having successfully advised us before in 2014, GP Bullhound has again proven to be an invaluable advisory partner, leveraging its expertise and execution capabilities in delivering this transaction for us.”
Julian Riedlbauer, Partner at GP Bullhound, commented: “It has been a pleasure to advise IT SONIX and XPURE on this transaction. We are confident that both companies have a lot of synergies and that by joining forces with Data Respons our client will be in an even better position to work on more complex and exciting projects”.
This is GP Bullhound’s 20th transaction in 2018, and further highlights the firm’s expertise in advising leading transport technology companies, and its strong presence in Germany, following recent transactions completed for clients including Magix, Uberall and Infinigate, among others.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com