Headwaters MB advised BeOne Invest BV, a leader in the car infotainment industry, on their acquisition of B-1 Engineering Solutions by way of carve out from Blaupunkt GmbH. Terms of the transaction were not disclosed.
Headquartered in Munich, Germany, B-1 Engineering Solutions, a former division of Blaupunkt GmbH, is a leading engineering service provider of embedded electronics and software solutions. B-1 serves the Telecommunications, Medical Technology, Industrial and Automotive end-markets with a product portfolio of general digital electronics and software engineering with competencies in FPGA design, functional safety solutions, wireless communications, human machine interfaces and IoT.
Razvan Olosu, Founder at BeOne Invest BV commented, “We see significant opportunities to grow B-1 Engineering globally and are actively pursuing growth strategies in the medical device solutions, embedded systems for electronics and test & measurement markets.”
B-1 Engineering currently works with many partners in FPGA, such as, Microsemi, Altera, Lattice, Xilinx.
Len LaPorta, Managing Director at Headwaters MB added, “Razvan’s performance at pioneering and setting a high bar at Novero cemented his visionary status among his peers. We look forward to helping B-1 reach significant new heights in the coming years.”
“It was a privilege for our firm to work with Headwaters MB to provide global financial advisory support to Razvan and BeOne Invest BV,” said Erwin Schellenberg, Managing Partner at Capital Mind (formerly EquityGate).
About BeOne Invest BV
Based in Eindhoven, Netherlands, the company has offices in Munich, Bucharest and Toronto. The Founder is Mr. Razvan Olosu who successfully lead the Management Buyout of the Nokia Automotive division in 2008 and the global growth of the firm under the name Novero GmbH. Novero is considered a world leader in the Automotive Infotainment Systems. In December 2015, Laird PLC acquired Novero GmbH for EUR 65 million equity.