Qvest acquires and integrates Hyve, a company specialized in innovation, into its portfolio

The acquisition of Virtue, a company specialized in the development of sustainable innovations for products, services and business models, will allow That's it “significantly” expand its range of services.

Through this purchase, That's it seeks to reach a new level of knowledge transfer and thus support existing and new customers even earlier, more comprehensively and sustainably in the innovation process. As the company has confirmed, all know-how from the Hyve team will offer in the Qvest structure as an innovation consultancy with strategic foresight, customer research, as well as the development of prototypes and market-ready implementations of digital and hardware products. With clients such as BMW, CWS, E.ON, Fraunhofer, LEGO, Munich Re, OMV and Siemens, as well as more than 400 scientific publications, Hyve presents itself as one of the world's strongest private institutions in innovation research. The company is headquartered in Munich and has more than 60 employees, as well as other offices in Vienna, Bern and a Digital Hub in Las Palmas de Gran Canaria.

Hyve management and staff will become part of the Qvest group. Hyve's management trio, consisting of Giordano Koch, Gregor Jawecki and Gerd Schwarz, will identify innovation potentials for the Qvest Group in all sectors. Furthermore, the founder and former shareholder of HYVE, Johann Füller, will take on an advisory role for Qvest. It will evaluate topics such as digitalization, artificial intelligence and sustainability for the company.

By integrating Hyve, Qvest expands its comprehensive offer throughout the digital supply chain with a high potential for synergies. At the same time, Hyve customers benefit from direct access to the range of services of the Qvest Group, such as technology consulting, software development of digital products and systems integration for media and ICT.

Peter Nöthen, CEO of the Qvest Group, provides his vision on the recent purchase of Hyve: “With HYVE, we are constantly expanding our service portfolio and will be able to offer innovative products and solutions to our customers even more quickly and efficiently.” Giordano Koch, CEO of Hyve, adds: “I am convinced that we can offer very attractive services to current and future Qvest customers with our experience in strategic foresight, as well as the various possibilities in product innovation.”