Partner Kurt Dumaw Guides Acquisition of AutoEnginuity
Jan 13, 2020 | Raleigh
Kurtis R. Dumaw
Ellis & Winters LLP is pleased to announce that its client, Drew Technologies, Inc., an Opus IVS division company, acquired U.S.-based AutoEnginuity, LLC, on January 2, 2020 for an initial purchase price of approximately $20M, plus future performance-based amounts. AutoEnginuity, headquartered in Mesa, Arizona, is a leader in advanced aftermarket automotive diagnostic software and associated vehicle make and model coverage. The combined Opus IVS companies serve an existing customer base of 50,000 automotive repair shops globally, and provide market-leading vehicle diagnostics and vehicle communication offerings to address the trend of increased vehicle digitalization and automation.
As noted in the Opus press release, Lothar Geilen, CEO of Opus, said “We are excited about the acquisition of AutoEnginuity due the company’s status as a leader in multi-brand advanced automotive diagnostics and it being widely used in the U.S. collision scanning market.”
Kurt Dumaw, corporate partner at Ellis & Winters, is honored to have served as legal advisor for Opus IVS in connection with the strategic acquisition of AutoEnginuity. He said “We value our long-standing relationship with Opus and look forward to our continued service to Opus within North America and globally.”