Hg to invest in AUVESY.

Hg, a private equity firm, is set to invest in AUVESY, a global provider of version control and change management software solutions for automated industrial environments. Brockhaus exits the investment. Financial terms were not disclosed. “This is positive news for everyone at AUVESY and I thank all my colleagues who have worked so hard to get us to this very strong position. We are delighted to be partnering with a software expert in Hg. We see their operational experience and expertise in areas such as international sales, marketing and M&A being hugely beneficial to the future growth of the firm, all supporting our ‘Never Stand Still’ mission to ensure that our customers around the world experience less down time in their production," Tim Weckerle, AUVESY CEO.