Bencis completed the acquisition of a majority stake in Ubitec.

Bencis, a private equity firm, completed the acquisition of a majority stake in Ubitec, an Austrian company specializing in Artificial Intelligence (AI) and Conversational Technologies. Financial terms were not disclosed. Through this partnership, Bencis and Ubitec pursue the strategic goal of building a European AI champion. The focus lies on consistently delivering customized, data-sovereign AI solutions from Europe, which are increasingly important not only for public institutions but also for companies handling sensitive data. The joint vision is to create a European counterpart to the currently dominant offerings of international hyperscalers – driven by European partners who develop solutions on equal footing and can scale them within the European market.