osapiens, a software company based in Mannheim, Germany, has acquired 80 per cent of the shares of ftrace GmbH. The purpose of the acquisition is to further increase transparency in global supply chains through osapiens' technological know-how and ftrace's process and industry expertise.
ftrace is a cloud-based solution enabling traceability of products. With ftrace, consumers can trace a product at batch level throughout the entire manufacturing and processing chain. The company is the community platform of GS1 Germany, which retains a 20 per cent stake in ftrace and creates efficient and secure business processes across corporate boundaries and continents thanks to its GS1 barcodes and 24 standards in over 20 industries.
osapiens develops holistic software-as-a-service solutions (SaaS) enabling globally operating companies across various industries to ensure transparency, predictability and trust along their entire supply chain. The product- and supplier-level supply chain management of the fast growing company established in 2018 also ensures compliance with human rights, environmental protection as well as national or international laws. In this regard, osapiens – which last year received the Deutscher Gründerpreis (German Business Founder Award) for 2022 – is supported by the GvW team led by Dr Lothar Harings.
osapiens was advised on the transaction by a GvW team consisting of Titus Walek (lead), Sina Reck (both M&A), Karsten Kujath (labour law), Dr Michael Engel (tax law) and Dr Joachim Mulch (IP).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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