- Ness Digital Engineering acquires MVP Factory, a leading German company for product design, digital innovation and business building
Accelerate leadership in end-to-end digital transformation
TEANECK, N.J., June 30, 2023 /PRNewswire/ -- Ness Digital Engineering is pleased to announce the acquisition of MVP Factory, a Germany-based venture capital start-up and product design studio.
"MVP Factory's experience in helping clients incubate and scale digital businesses and design software products further strengthens our strategy of being a digital engineering specialist," said Ranjit Tinaikar, CEO of Ness. "We have been deeply impressed by the leadership and team at MVP Factory in their distinctive, design-driven approach to digital innovation. We are truly excited to have them join our team."
Headquartered in Berlin, Germany, MVP Factory offers a one-stop service for the creation of digital products and companies and has successfully pioneered the business study model with global clients such as DB Schenker. It enables clients to envision, validate, launch and scale digital enterprises using lean and agile methodologies. In addition, MVP Factory's cross-functional team offers an entrepreneurial mindset that helps identify new opportunities and business models in rapidly changing industries.
"Joining Ness Digital Engineering, backed by KKR, offers an exciting opportunity for MVP Factory's global expansion," said Philipp Petrescu, Founder and CEO of MVP Factory. "Through our combined offering, Ness can further cement its position as one of the few players in pure digital engineering at scale that seamlessly manages projects from ideation and startup incubation to technical execution. The synergies will deliver immediate value to our customers."
The transaction is expected to close at the end of June 2023. Financial details were not disclosed.
Acerca de Ness Digital Engineering
Ness Digital Engineering, which global investment firm KKR managed funds acquired in 2022, is a full-lifecycle digital engineering firm that offers digital consulting through engineering services at scale. Combining our core engineering competency with the latest in digital strategy and technology, we seamlessly manage digital transformation journeys from strategy to execution to help businesses thrive in the digital economy. For more information, visit www.ness.com.
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