AURICON advised Westphalia DataLab on a successful growth investment – Westphalian family-owned company REMONDIS becomes an investor

AURICON advised Westphalia DataLab on the successful implementation of a growth investment. The Westphalian family-owned company REMONDIS, one of the world’s largest recycling, service, and water companies, is a strategic investor in one of the leading German data science start-ups.

AURICON was a reliable partner in supporting Westphalia DataLab during the whole transaction process, with closure taking place following the antitrust clearance in the third quarter of 2020.  

Westphalia DataLab was founded in 2017 by a team led by Prof. Dr. Reiner Kurzhals and FIEGE Logistik, a company that has been in existence for over 145 years, as a strategic investor. It is a software development and consultancy company specializing in data science with considerable expertise in Artificial Intelligence (AI) and machine learning: www.westphalia-datalab.com

The family company REMONDIS, founded in 1934, is one of the world’s largest service founded in 1934, the family-run company REMONDIS is one of the world’s largest recycling, service, and water companies. It employs more than 30,000 staff working for more than 30 million citizens and thousands of companies at around 900 locations across four continents. REMONDIS focuses on partnership-based solutions, new ideas and innovations as part of their major contribution to the future supply of raw materials and water: www.remondis.de