IVU Traffic Technologies has purchased 100% of shares in software company LBW Optimization GmbH which will provide the Berlin-based IT specialist exclusive access to the world-leading optimisation algorithms for resource planning in the transport sector.
IVU says that the transaction will be completed on 1 January 2022, and it was agreed to not disclose the purchase price.
Under the transation, LBW will remain an independent organisational unit and will be expanded into an optimisation laboratory of IVU. In doing so, the software company can continue to count on the entire team that is already in place and now grow even faster. The close connection that the mathematicians have to the Zuse-Institut will also be preserved.
“All over the world, customers appreciate IVU.suite for its powerful algorithms. Thanks to the takeover of LBW GmbH, together we can grow even faster and further expand our top spot in operational optimisation of buses and trains,” Martin Müller-Elschner, CEO of IVU Traffic Technologies said.
For more than 20 years, the IVU has been working closely with the specialists of the LBW in order to develop powerful optimisation algorithms for duty and vehicle working scheduling for transport companies. The LBW, a spin-off of the renowned company Zuse-Institut Berlin (ZIB), has specialised in the development of new mathematical optimisation processes.
LBW develops mathematical high-performance optimisation cores for planning systems in public transit, rail transport, and the airline industry and its optimisation modules are integrated into the planning systems of IVU Traffic Technologies such as ivu.plan and ivu.rail.plan providing optimisation functionality. Through this collaboration, LBW has a strategic sales and development alliance with IVU Traffic Technologies AG, which grants IVU exclusive sales rights on LBW’s optimizers.
LBW was founded in April 2000 as a spin-off of the Konrad-Zuse-Center for Information Technology Berlin (ZIB), a non-university research institution of the State of Berlin.