Ulrich Schneider
Proventis Partners
adomea GmbH
Deal Type
Company sale
Sector
Industrials
Completion Date
4th July 2019
Deal Value
Not disclosed
Company Background
Founded by German engineering students, adomea uses an advanced proprietary technology for the camera-based detection of dents and other car body damages. The company provides scanning services currently primarily used by leading international car insurance companies to analyse hail-damage. The company was acquired in 2013 by Catastrophe Solutions International, a US-based dent repair services company.
Deal Summary
adomea was acquired by TÜV Rheinland, a global testing and inspection services provider with the intention to develop the technology further into a powerful AI-based tool to detect and analyse car body damages for applications, such as car sales, rental cars or logistics.
Value Added
Proventis Partners accompanied the US-based owner of adomea and its German subsidiary throughout the entire transaction process. With TÜV Rheinland quickly becoming the frontrunner and logical buyer, Proventis established a competitive situation, resulting in a significantly improved transaction value.
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