Fouriertransform starts LeanNova Engineering
Fouriertransform, Innovatum and individuals from Saab Automobile’s former management team have decided to start a jointly owned engineering company, LeanNova Engineering, which will deliver complete development projects to the automotive industry. At the same time, Fouriertransform and Combitech AB have entered into a letter of intent that makes it possible to eventually integrate their initiatives in Trollhättan to a jointly owned engineering company.
In order to preserve and strengthen the automotive expertise in Sweden and in Trollhättan, Fouriertransform, Innovatum as well as leading individuals from Saab Automobile have decided to start a jointly owned engineering company that will sell and deliver complete development assignments to Swedish and international automotive clients. The demand for engineering services with the capacity to undertake sizeable and complex assignments or complete vehicle development is deemed to be high. Based on experience and competence from Saab Automobile, the newly-established company is believed to get a unique position on the global market.
At the same time, Fouriertransform and Combitech AB have entered into a letter of intent that allows building a jointly owned engineering company with the capacity to deliver complete engineering assignments in the automotive, aerospace and other industries.
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| Fund | Fouriertransform |
| Portfolio Company | LeanNova Engineering |
| Date of Transaction | 2012-01-23 |
| Transaction | Acquisition |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Industrial |
| Geography | Sweden |
| Stage | Venture |