17 - 04 - 2019, by Convergence Industry
Convergence Industry B.V. intensifies cooperation FURTHResearch with equity deal
Convergence Industry expands its global network with a partial acquisition of German company FURTHResearch. The partial acquisition is the next natural step in the growth strategy and the stated goal to help startups.
“We are very proud and exited about this deal we have been working on with Daniel Menne.” Thus Operational & Managing Director Chielant de Wit. “This deal is perfectly in line with our strategy. You cannot find anyone more ‘Convergence minded’ than Daniel Menne, that is why we have complete confidence in him. Daniel understands our product like no other and his product complements our software and systems perfectly. We look forward to a fruitful partnership in which Convergence will help FURTHResearch to become a real success by promoting and introducing them to our network!”
Equity deal joins forces and offers opportunities
It is important to acknowledge the strenghts of both parties: where Convergence Industry B.V. has a great deal of knowledge and expertise in designing and manufacturing customized measurement and control systems for liquids and gases, FURTHResearch complements to this with their software for research data management. The large network and background of founder Daniel Menne will create a win-win for both parties: it means growth for both Convergence and FURTHResearch.
Convergence Industry will therefore continue to focus on its strenght and will fully rely on FURTHResearch’s knowledge and expertise when it comes to data management.
About Convergence Industry
Since 2010, Convergence Industry B.V. has become a reliable global player when it comes to designing and manufacturing of customized measurement and control systems for liquids and gases. With almost 30 employees and clients in more than 25 countries, Convergence Industry B.V. achieves a yearly revenu of 3.5 million.
FURTHResearch is a spin-off from RWTH Aachen University providing software for research data management. It was initiated in 2012 during the PhD period of Founder & CEO Daniel Menne and put into a business in 2017. Together with three programmers they launched their product in 2018 and will focus on acquisition and expanding their networks. Daniel Menne : “At FURTHResearch we love research, data, and technology. With our product FURTHRmind we can combine these three topics to provide essential tools for improving research, which is necessary to solve global problems. I worked for a quite long time with the awsome products from Convergence Industry, and had the chance to become familiar with their mindset and how they work. Thus I know, that convergence is a perfect partner for us, to become together a global player for research and measurement data management “
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