WTS advised Valispace on its sale to Altium

WTS, a global full-service provider of tax, financial and deal advisory services, advised the founders of Valispace GmbH, the company behind the browser-based software of the same name, on the sale of the company to Altium, a leading provider of design software for the electronics industry based in the USA.

Valispace GmbH, based in Bremen and with a subsidiary in Lisbon, is a successful start-up that has developed a web-based engineering SaaS platform that increases efficiency in the development of sophisticated hardware products and is used in the aerospace industry in particular. The software offers a "single source of truth" solution for engineering data as well as simple, real-time collaboration between multidisciplinary teams across different locations, thereby relieving engineers of administrative tasks in particular.

The acquisition of Altium brings electronics hardware design and systems engineering closer together. This is made possible in particular by Valispace's expertise in the areas of systems and requirements engineering and the integration into Altium's cloud platform Altium 365.

The WTS Tax team led by Axel Wagner and Dr. Klaus Dumser provided tax advice to the shareholders during the sales process, in particular on the structuring of the transaction and in the SPA negotiations. Colleagues from the international WTS Global network were consulted for the Portuguese aspects of the transaction.

Consulting teams

WTS:

Axel Wagner
Dr. Klaus Dumser
Dr. Miriam Ulrich
Johannes Hirt

WTS Global Portugal:
Francisco Cabral Matos
Ana Azevedo Pinto

Legal advisors Valispace:

Dr. Andreas Wüsthoff, LL.M., Vogel Heerma Waitz
Samuel Aebi, Vogel Heerma Waitz

Tax consultants Altium:

Heiko Kermer, McDermott Will & Emery
Marcus Fischer, McDermott Will & Emery

About Valispace

Valispace is a browser-based software allowing engineers to collaboratively develop better complex hardware products, including rockets and satellites. It serves as a Single Source of Truth and allows engineers to store and collaborate along the engineering life-cycle, all the way from requirements, through detailed design up to verification and testing.

Valispace reduces hardware development costs by >20%, by digitising non-CAD data, using browser-based collaboration and complementary integrations to common engineering tools. It supports interdisciplinary teams throughout the engineering lifecycle, from requirements management, through detailed design up to automatic verification. In short: it is Github for Hardware.

Valispace is used by companies such as Airbus, BMW, ESA, Momentus, etc. and has been named in Forbes as one of Germany’s 100 most innovative Startups, featured in Wired and Techcrunch and won multiple startup awards.

Further Information: valicspace.com