Munich Re acquires stake in CertX
The reinsurance German company Munich Re has acquired a stake in the Swiss company CertX becoming its largest single shareholder. Munich Re acquired the shares from the previous CertX majority shareholder, the University of Applied Sciences and Arts of Western Switzerland Fribourg, HES-SO//FR.
Nearly 4 years after CertX was founded, this transaction represents an important milestone in the company’s growth trajectory. Munich Re, with its 140-year track record and brand reputation, will support and accompany CertX in its next growth phase and international expansion.
CertX is an accredited certification and inspection body for functional safety and cybersecurity. It offers certification and inspection services for products, processes and management systems as well as training and personal certification. As part of its cooperation with CertX, Munich Re now offers a trustworthy artificial intelligence testing service.
Thouvenin Rechtsanwälte assisted Munich Re with the transaction. The team was led by partner Markus Alder (pictured) and notably included senior associate Marzel Wyden.
