PwC advises on the sale of Volume Graphics GmbH

November 26, 2019

Stuttgart, November 26, 2019 

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC) provided comprehensive legal and tax advice to the shareholders of Volume Graphics GmbH on the sale of their shares to Hexagon Metrology Services GmbH. In particular, PwC Legal coordinated the sales process with several well-known interested parties and negotiated the share purchase agreement on behalf of its clients. The parties have agreed not to disclose the purchase price. The approval of the cartel authorities is still pending.

Volume Graphics GmbH is a leading provider of software for non-destructive testing based on industrial computed tomography (CT). The company’s high-end analysis and visualization software enables manufacturers to create three-dimensional external and internal representations of scanned objects. Manufacturers are enabled to “look inside” complex structures of components. This allows hidden or hard-to-reach internal features to be measured and inspected for dimensional deviations and defects without destroying the parts and compromising the integrity of the data in the process. Volume Graphics can thus be considered a pioneer of digitization and industry 4.0.

Customers from various industries worldwide use Volume Graphics’ solutions for quality assurance in product development and production, for example in the automotive, aerospace and electronics industries. The company is based in Heidelberg and employs around 160 people. Subsidiaries in Japan, Singapore, China and the USA, complemented by an extensive reseller network, distribute the software to customers in more than 50 countries.

Hexagon Metrology Services GmbH belongs to Hexagon AB, a multinational technology group for sensors, software and autonomous systems based in Stockholm, Sweden.

Advisors to the shareholders of Volume Graphics GmbH:

PwC Legal

Dr. Steffen Schniepp (lead partner), Dr. Thomas Wenninger, Dr. Minkus Fischer, Helena Schoch, Michael Häupler, Karsten Horch, Jasmin Kluike, Valentin Khabin (all Corporate/M&A, all Stuttgart), Carmen Meola (Employment law, Stuttgart), Dr. Tobias von Tucher, Lukas Lundbeck (both IP/IT, both Munich) and Hubertus Kleene (Antitrust law, Düsseldorf). 


Manuela Guth, Adrian Kirchner (both Tax), Jens Timo Engelhardt, Felix Buhl (both Advisory, all Stuttgart). 


About PwC Legal:

In today’s rapidly evolving marketplace, our clients are increasingly concerned with business collaborations, restructuring, mergers and acquisitions, financing and questions of social responsibility. They need legal security when dealing with such complex issues. That is why we work closely with PwC’s tax, human resources and finance experts and draw on the resources of our legal network in more than 100 countries to deliver comprehensive advice. Whether a global player, a public body or a wealthy individual, each client can rely on a personal account manager to address his or her specific legal needs. This dedication helps us ensure our clients’ long-term business success.

PwC Legal. More than 250 lawyers at 18 locations. Integrated legal advice for the real world. 

About PwC:

The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 157 countries, more than 276,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax- and Business Consulting.

The brand name, PwC, refers to the PwC network and/ or to one or several of its member firms, each of which is a separate legal entity. Further details under

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Dr. Steffen Schniepp


Tel: +49 711 25034-1103

Dr. Thomas Wenninger


Tel: +49 711 25034-1717

Dr. Minkus Fischer


Tel: +49 711 25034-1372

Dr Tobias von Tucher

IP, IT, Commercial

Tel: +49 89 5790 5647

Lukas Lundbeck

IP, IT, Commercial

Tel: +49 89 5790-5964