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Carlsquare advised intive on the acquisition of a majority stake in iNTENCE

intive, a global digital product development company headquartered in Munich, is investing in iNTENCE automotive electronics, a German automotive software expert, to better serve the auto sector in Germany. The two companies have a complementary offering which results in a one stop shop for automotive OEMs and Tier 1 suppliers when it comes to all of their software needs. intive has acquired 65 percent of the stakes in iNTENCE, which will continue to operate as a separate unit under the current management.

“Digital companies such as Airbnb or Uber disrupt the traditional business models of various industries. Tesla and IT giants like Google or Apple drive this development in the automotive sector – inside and outside of the car,” explains Ludovic Gaudé, CEO of intive. “Helping our customers to address this digital transformation is intive’s key driver. Joining forces with iNTENCE will enable us to support our customers in the automotive sector along their whole journey into the digital world.”

Industry: Business Service
Assignment: Buyside