• SynSpace Group GmbH to become wholly owned subsidiary of IAV GmbH
• Acquisition expands portfolio and strengthens IAV in the software process consulting market
• SynSpace brand name to be retained and continued as an independent company

SynSpace is an internationally active consulting company specializing in the optimization of development processes in the field of software-based systems. The SynSpace brand has been established in the automotive industry for over 30 years. Its core competencies include Automotive SPICE, Automotive Cybersecurity and Functional Safety according to international standards. In addition to consulting services, SynSpace also offers training and audits.

"The combination of SynSpace's process expertise and IAV's broad technical competence form a strong and unique entity that will benefit our national and international customers by serving their successful further development," says Markus Blonn, Senior Vice President Network Software at IAV. 

«IAV is already an established provider for complex safety-critical projects for the Software Defined Vehicle. With SynSpace, we expand our expertise in this important market and get one step closer to the goal of mastering software.»

_{Markus Blonn  —  Senior Vice President Network Software at IAV}

«The experts from SynSpace and IAV complement each other ideally. In the future, not only our customers can get full services in process consulting, the competencies in software and process consulting will be available to our whole company from now on.»

_{Jürgen Müller  —  Executive Vice President Connected Software Systems & Services at IAV} 

«We are delighted to be working with IAV as a long-standing development service provider to further expand our range of services and position ourselves even more strongly on the international market. Together, we are ideally positioned to drive current and future challenges for the mobility of the future," says Andreas Schleusener, Managing Director of SynSpace.»

_{Andreas Schleusener  —  Managing Director of SynSpace}

SynSpace will be acquired on September 1, 2023, and will continue as an independent brand within the IAV Group. The number of consultants is to be increased in the future.