AB Dynamics has sought advice on its acquisition of automotive software developer, rFpro from UK law firm Clarke Willmott. rFpro will remain independent with its own brand and will continue to supply other driving simulator and test equipment manufacturers in the automotive industry. Chris Hoyle, the company’s founder, will continue to head up the company, focusing on the technical and creative side of the business.
James Routh, chief executive of AB Dynamics, said, “The acquisition fits squarely in our stated strategy to develop the group through organic and acquisitive growth. Importantly, it provides the group with direct access to the potentially high growth simulation-based verification market for ADAS and autonomous vehicles, which complements our existing track testing business.”
Kelvin Balmont (pictured), head of the corporate team in Clarke Willmott’s Southampton office, added, “For over a decade, rFpro has been at the vanguard of innovation within automotive simulation systems in the UK. As you might expect from a company that began life within the fast-moving arena of Formula 1, rFpro is all about results and, together with the fact that it will continue on as a standalone brand, the company looks likely to continue to go from strength to strength.”