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I remember reading a quote by a famous actor whose name I no longer recall (that’s how famous they were). It might have been Errol Flynn. It might have been Harrison Ford. It might have been someone else completely. The actual person isn’t important, it’s what they said that stuck in my mind.
German private equity investor FLEX Capital (based out of Berlin) says it has now closed its second fund of €300 million with the aim of effectively rolling-up medium-sized German- speaking tech companies and giving these merged entities greater global scale. This is an unusual use of PE funds, and puts FLEX into a slightly different category to the average PE outfit.
Programmable computers are taking over many tasks previously done by dedicated hardware in cars.
All the latest tidbits and gossip from the industry this month.
Apart from acquiring e-bike specialists Greyp and Fauza, Porsche is bolstering its in-house e-bike capabilities with new partnerships and joint-ventures.