March 3, 2021
Raiko Stelten, Marcello Gildemeister, Marius Becker
GCA Altium advises PINOVA Capital on the sale of Human Solutions and Avalution to Humanetics
GCA Altium acted as exclusive financial advisor to PINOVA Capital on the sale of Human Solutions and Avalution to Humanetics, the world’s leading manufacturer of automotive crash test dummies and portfolio company of Bridgepoint.
Based in Kaiserslautern, Germany, Human Solutions has led the mobility sector as the market standard for virtual ergonomics design through its RAMSIS software for nearly two decades. Avalution is a specialist in 3D body scanning and has the largest international database of human body dimensions and shapes. The combined tools are used by most major vehicle manufacturers, aerospace companies and defence groups. The business has a global footprint and client base, with the top 30 companies in the automotive industry working with software solutions from Human Solutions.
The Humanetics Group, located in Michigan, USA, is the global leader in safety testing and developer of biofidelic crash test dummies, software modelling and custom sensor solutions. Through the acquisition of Human Solutions and Avalution, Humanetics adds critical tools used by vehicle designers around the globe to develop interior environments for occupants that are safe, comfortable and ergonomically pleasing.
The founder of Human Solutions and Avalution, Dr. Andreas Seidl, said: “For us, the integration into the Humanetics family of companies is the logical result of our ongoing corporate strategy which PINOVA Capital has significantly supported in the past. We have successfully completed several joint projects in the past together, so we are confident in the synergies of our expertise and cultures. By joining forces, we can maximise the value of our data and ergonomic expertise and make it available for other areas of vehicle development in the future, such as autonomous driving, which entails entirely different occupant requirements for a vehicle.”
The financial terms of the agreement were not disclosed.