Freiburg, 10 February 2025 - The international law firm ADVANT Beiten has provided comprehensive legal and tax advice to Banyan Software on the acquisition of FoxInsights, market leader in the field of tank remote monitoring. The parties have agreed not to disclose the purchase price. The acquisition further strengthens Banyan Software's market position in the DACH region.
Banyan Software was founded in 2016 and regularly acquires growing software companies with the aim of developing them over the long term as part of a buy-and-hold strategy. Banyan Software has offices in Canada, the UK and the DACH region.
FoxInsights, headquartered in Munich, is a spin-off of one of the Top3 Innovation Labs (EnBW Innovation) in Germany. The company offers IoT-based remote tank monitoring solutions. Through digitalisation and data analytics, FoxInsights optimises the sales and ordering process as well as supply chains in the energy, mobility and recycling sectors.
Advisor Banyan Software:
ADVANT Beiten: Christian Burmeister (Lead), Damien Heinrich (both Corporate/M&A), Dr Christian von Wistinghausen, Lelu Li (both Investment Control), Heiko Wunderlich, Fabian Buker (both Tax), Mathias Zimmer-Goertz, Christian Döpke (both IP/IT), Dr Erik Schmid, Alexander Grässel (both Labor & Employment Law).
Public Relations
Frauke Reuther
Manager Communications
ADVANT Beiten
+49 (69) 75 60 95 - 570
frauke.reuther@advant-beiten.com
