Tass International Siemens

Transaction year:
August 2017

Transaction type:
– Corporate Finance
– International

Transaction sector:
– Technology, Media & Telecom
– Business Services

TASS International is a global provider of simulation software and engineering and test services aimed primarily at the automotive industry. The company focuses on autonomous driving, integrated safety, advanced driver assistance systems and tire modeling. It was founded in 2004 as a spin-off of Dutch research organization TNO.

The company has been acquired by German conglomerate Siemens, that intends to combine TASS International’s simulation software with its portfolio of advanced simulation offerings. In this transaction, Vondel Finance acted as advisor to the Board of TNO.

To view the press release click here.