GCA Altium advises gestigon on its sale to Valeo
gestigon offers disruptive, sensor agnostic middleware software for gesture recognition and behavior tracking. The company was founded in 2011 out of the University of Lübeck, Germany, and was backed by leading venture capital funds, including High-Tech Gründerfonds (HTGF), nbr technology ventures, and Vorwerk Direct Selling Ventures.
Valeo (Euronext ticker: ENXTPA, market capitalization of over €14 billion), headquartered in Paris, France, is one of the world’s leading automotive suppliers, with revenues in excess of €16.5 billion. Valeo offers innovative products and systems aimed at CO2 emissions reduction and improved vehicle performance, as well as the development of intuitive driving. Now that software competence is increasingly becoming a key differentiator in the automotive world, gestigon’s unique software, based on Artificial Intelligence, will significantly strengthen Valeo’s position in the field of intuitive driving.
In accordance with Valeo’s intuitive driving vision, which outlines the need for enhanced Human Machine Interfaces (HMIs) to cope with the fast development of automated driving, the acquisition of gestigon allows Valeo to reinforce its Interior Cocoon with key components to support automation. In addition to existing features such as detection of drowsiness and distraction, Valeo Interior Cocoon will be able to detect key cabin objects and all occupants. This evolution will further enhance the intuitive driving experience, as the car will interpret the cabin context, seamlessly adapt to the occupants’ needs (e.g. airbag settings) and integrate gesture solutions for HMIs.
Sascha Pfeiffer, Managing Director at GCA Altium, said: “It has been a pleasure to advise gestigon’s shareholders on this landmark transaction in the virtual reality technology space. The team, under Sascha Klement’s and Moritz von Grotthuss’s leadership, has developed a unique software which detects human presence, gestures, motions, poses and biometrics in 3D data. We ran a highly competitive global M&A process to find the perfect solution for the shareholders and right strategic partner for gestigon.”
This marks GCA Altium’s 35th transaction in the Technology sector within the last two years, underscoring our leading position in Europe in this area.