VI-grade, a specialist in virtual prototyping software and driver-in-the-loop (DIL) hardware simulators, has signed an agreement to acquire 100% of the ownership of IMTEC Engineering, a Berlin-based developer of automation technology and simulators to transportation OEMs. The deal will augment VI-grade’s R&D team, enhance its manufacturing and production capabilities, and expand its global distribution and maintenance operation.
“This is a strategic move and we are very excited to be joining VI-grade,” stated Thomas Schulz, managing director at IMTEC. “There are many advantages to becoming part of this global group. The leadership team at VI-grade has a strong interest in developing and investing in IMTEC’s capabilities, products and highly talented workforce. As a combined company, we are confident that we can lead the global market for innovative simulator products and solutions.”
Bob Ryan, president of VI-grade added, “IMTEC has been a key partner and supplier to VI-grade for many years and this move represents an excellent opportunity for us to combine forces to create a powerhouse in the vehicle simulator marketplace. By blending the software pedigree and expertise of VI-grade with the mechatronic hardware expertise of IMTEC and the financial strength of VI-grade’s parent company, Spectris plc, VI-grade is positioning itself to scale its global simulator business more rapidly.”