Düsseldorf – Mayer Brown advised Asolvi AS, a portfolio company of Volpi Capital, on the acquisition of Foxtag GmbH, a German software company specializing in the field digital service and maintenance solutions with a focus on customers in the fire protection and safety technology sector.
Asolvi, based in Trondheim, Norway, is Europe's leading provider and developer of industry-specific field service management software. Volpi Capital is a private equity investor specializing in medium-sized companies with a focus on technology-oriented B2B software, data, and service companies in Northwestern Europe.
Foxtag, founded in 2015 by Dirk Thiede and Niels Linnemann, has rapidly become one of the fastest-growing fire & security SaaS providers in Germany. The business has grown organically over 30% p.a. and now serves more than 600 customers with a modern, flexible, and easy-to-deploy solution.
Mayer Brown regularly advises Asolvi on transactions.
The Mayer Brown team, led by Corporate & Securities Partner Dr. Jan Streer (Düsseldorf/Frankfurt), included: Corporate & Securities – Associate Wolfgang Löffler, (Düsseldorf), Tax – Partner Dr.Thomas Dieker (Frankfurt), Intellectual Property – Partner Christoph Crützen and Associate Alexander Balan (both Düsseldorf), and Employment & Benefits – Associate Pauline Stadler (Frankfurt).