FEV acquires 100% of shares in B&W Fahrzeugentwicklung
Aachen, June 2018 – On May 16, 2018, globally active engineering service provider FEV signed a purchase contract for the acquisition of B&W Fahrzeugentwicklung GmbH which still requires the approval of the relevant authorities. With this strategic step, FEV is expanding its expertise and capacities in the Global Vehicle Development business segment. With more than 300 employees at international locations, B&W offers its customers solutions in the fields of body shells, interior, exterior, surfacing, model construction, testing, and electricity/electronics. With the fully owned B&W subsidiary EDL Rethschulte GmbH, expertise in the field of lighting technology is also expanding.
"Need-appropriate mobility solutions will change the transportation industry in the long term and set new requirements for future vehicle concepts, for instance with regard to the exterior and interior," explains Professor Stefan Pischinger, President and CEO of the FEV Group. "With the integration of B&W into the FEV Group, we are expanding our capacities and are also gaining important employees with engineering expertise in these critical aspects of vehicle development."
"With our expertise in the fields of body shells, lighting technology, exterior, interior, and surfacing, we are convinced that B&W will become a significant part of the FEV Group," adds Haraldo Brandenburg, Managing Director of B&W Fahrzeugentwicklung GmbH. "From the development of individual modules to entire bodies, we can provide our global automotive customers with everything from a single source."
B&W Fahrzeugentwicklung GmbH was founded in 1998 and has recorded continuous growth ever since. Sven Vseticek, Managing Director of B&W Fahrzeugentwicklung GmbH, states, “In times of increasingly complex project assignments, which focus on integrated vehicle competence, the decision underpins the claim to be a reliable partner in the overall vehicle development and to grow customer-oriented. Together, we offer a comprehensive portfolio that enables us to provide ideal solutions to our customers' needs.” With its innovative services and own products, B&W is already a force to be reckoned within the European automotive industry.
The FEV Group, with headquarters in Aachen, Germany, is an internationally recognized vehicle development services provider. FEV’s expertise ranges from consulting to the development and testing of innovative vehicle concepts through readiness for serial production. In addition to traditional engine and transmission development, vehicle integration, calibration, and the homologation of state-of-the-art gasoline and diesel engines, increasing importance is being placed on the development of hybrid and electric powertrains as well as alternative fuels. FEV experts focus on the advancement of electronic control systems, as well as connected vehicles and automation.
The “FEV Software and Testing Solutions” product portfolio complements these services with cutting-edge test fields, measuring equipment and software solutions that help make the development process more efficient and transfer significant process steps from the road to the test rig – or even to computer simulation.
FEV offers these services to its transport industry customers around the world. The FEV Group employs over 5700 highly-qualified specialists in high-tech development centers near its customers at 40 locations on four continents.