PwC Legal advises Statkraft Ventures on entry as investor in vialytics GmbH

January 18, 2021

Nuremberg/Berlin, 18 January 2021

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to Statkraft Ventures on its investment in the service provider vialytics GmbH as part of the current seed financing round. EnBW New Ventures GmbH, which had already invested, invested again as part of the financing round. With this investment, the company strengthens its growth course in Germany and abroad.

vialytics GmbH, founded in 2017 by Achim Hoth, Patrick Glaser and Danilo Jovicic, offers a solution for road maintenance management of municipalities, districts and infrastructure operators. An artificial intelligence automatically records and evaluates the condition of the road infrastructure by collecting necessary data via smartphones installed in municipal vehicles. Subsequently, the collected data is evaluated by the artificial intelligence of the Vialytics system and made available to the municipality. As a result, damage can be automatically detected in time and necessary maintenance measures can be efficiently planned.

Through this investment, Statkraft Ventures strengthens its portfolio in the smart city sector with another market leader with outstanding technology features. As a European venture capital investor, Statkraft Ventures supports exceptional businesses which are advancing the energy revolution. Current investments include DEPsys, Skyspecs, tado and ZOLAR, in addition to vialytics. Statkraft Ventures is funded by Statkraft Group – Europe’s largest renewable energy producer.

EnBW New Ventures GmbH is the venture capital arm of EnBW AG, one of Germany’s largest utilities with around six million customers. EnBW invests in entrepreneurial teams in the field of smart infrastructure.

Advisor Statkraft Ventures:

PwC Legal (Nuremberg/Berlin):

Gerhard Wacker, Klara Körber (lead), Tanja Galander, Janine Gerner-Yumusak (all Corporate / M&A)

Advisor vialytics GmbH:

KPMG Law (Cologne):

Dr. Philipp Wüllrich, LL.M., Sebastian Seibold (all Legal Deal Advisory/Legal Venture Services)

 Advisor EnBW New Ventures GmbH:

CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB (Munich):

Stefan-Ulrich Müller, Christoph Schröer (all Corporate / M&A)

For more information, contact:

Sven Humann
PwC Communications
Phone: (069) 9585 – 6656
Email

About PwC Legal:

In our global, rapidly changing business world, cooperation, restructuring, transaction, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether you are a globally active company, a public corporation or a wealthy private individual, each of our clients has a personal contact person who supports them responsibly in all matters of business law. In this way, we help our clients to secure their economic success in the long term.

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

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Contributors

Gerhard Wacker

Corporate/M&A

Tel: +49 911 94985-281

Klara Josefine Körber

Corporate/M&A

Tel: +49 911 94985-368

Tanja Galander

Corporate/M&A

Tel: +49 30 2636-5483