AVL Acquires remaining shares in Vicura

AVL List GmbH Acquires remaining shares in Swedish-based Vicura AB. Vicura is one of the world’s leading transmission and hybrid driveline design companies and will continue to strengthen AVL's broad range of development services and its position on the global transmission market.

Magnus Lundblad, CEO of Vicura: "We are very proud to be fully owned by AVL. Vicura has the unique capacity to deliver complete technically pioneering transmission and hybrid projects and with AVL we further strengthen our global delivery capacity.

Founded in 2011 Vicura has now around 60 employees and serves customers all over the world. It is specialized in transmission and hybrid driveline development for passenger cars, heavy vehicles and marine industry. Vicura is headquartered in Trollhättan and satellite office Gothenburg, Sweden.

Erik Osnes, Managing Director of AVL Powertrain Scandinavia: "With Vicura, we strengthen AVL with complementary transmission expertise and extend our footprint, also expanding our presence on the Swedish west coast. Vicura has an impressive history of delivering transmission solutions to the global automotive industry and provides us with an excellent range of know-how.”

AVL is the world's largest independent company for development, simulation and testing technology of powertrains (hybrid, combustion engines, transmission, electric drive, batteries and software) for passenger cars, trucks and large engines. The high-tech company AVL employs more than 8.500 people worldwide.

Erik Osnes, CEO AVL Scandinavia
erik.osnes@avl.com, Mobile: +46 76 5252611

Magnus Lundblad, CEO of Vicura
magnus.lundblad@avl.com, Mobile +46 708 777762

Henrik Dhejne, Sales & Marketing Director of Vicura
henrik.dhejne@avl.com, Mobile +46 701 678249