VR Equitypartner to acquire a majority stake in SIGNON Österreich from TÜV SÜD Group.

VR Equitypartner, the Frankfurt-based investment company has agreed to acquire a majority stake in SIGNON Österreich, an IT service provider specializing in mobility, infrastructure from TÜV SÜD Group. Financial terms were not disclosed. The aim of the new partnership is to further strengthen positioning in a niche market and to tap additional growth potential. "SIGNON Austria shines with a business model that is resistant to the economic cycle, focusing on the growth segments of mobility and infrastructure while at the same time covering challenging future topics such as rail safety, predictive maintenance, dynamic pricing, artificial intelligence and autonomous driving. The visionary and highly professional team has earned itself an excellent reputation among its customers. We look forward to working together. SIGNON's excellent market position in the context of the ongoing digitization of business processes is the ideal basis for generating additional growth - we are now working together on this." Christian Futterlieb, VR Equitypartner Managing Director.