Mannheim/Berlin, 01.07.2020

VIPCO was founded in Mannheim in 1999 and is active as a specialized engineering service provider for software and hardware as well as retrofit - especially in rail and automation. Since its foundation, VIPCO has grown steadily and, with over 40 employees, has served well-known customers from rail, automation and industry. From day one, VIPCO's claim was and is to be a creative solutions partner with the highest service standards for industry and especially for rail vehicles.

In the course of the company transaction, the shareholders sold 100% of their company shares to Stadler Pankow GmbH. In the preparation, structuring and implementation of the transaction, the shareholders of VIPCO GmbH were fully supported and advised by Concentro Management AG.

Stadler builds rail vehicles which are tailored to the needs of the customers - with maximum travel comfort for the passengers. With comprehensive services that put added value on the rails. Stadler stands for Swiss values such as reliability, flexibility and innovative strength - and has done so since 1942.

Mr. Peter Gehring (Managing Partner, VIPCO GmbH) is delighted about the merger of VIPCO GmbH with Stadler Rail: "We share the same understanding of excellent (IT) engineering, very high quality and performance standards and attach enormous importance to very high customer satisfaction. Together we can make even better use of our strengths to set standards in the European rail market in the future".

Manuel Giese (responsible partner, Concentro Management AG) adds: "Stadler Rail has proven to be the ideal partner for VIPCO throughout the entire process. The strategic approach, the same philosophies and the appreciation of employees are on the same wavelength and show that both companies will complement each other ideally in the future".

Legal advice to the shareholder of VIPCO GmbH and the negotiation of the purchase contract and other agreements was provided under the leadership of attorney Prof. Dr. Thomas Grädler from the law firm honert + partner mbB (Munich).