Suche
Contact
13.09.2019 | Press releases

KPMG Law and KPMG advise startup Velocity from Aachen on the formation of a joint venture with the newspaper publisher Aachen

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) provided legal advice and tax advice to the startup Velocity Mobility GmbH (formerly: Velocity Aachen GmbH) on the formation of a joint venture with Aachener Verlagsgesellschaft mbH and to KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG). Velocity Region Aachen GmbH was entered in the commercial register on September 9, 2019.

The startup Velocity Mobility GmbH was founded in 2014 with headquarters in Aachen. Velocity operates and develops an extensive pedelec (e-bike) rental system throughout the city of Aachen. The e-bikes can be rented via app or directly at the rental stations. Velocity operates and develops the pedelec rental system with the support and public funding of the city of Aachen and has already entered into cooperative agreements with RWTH Aachen University, FH Aachen University of Applied Sciences and Stadtwerke Aachen. Velocity currently operates about 50 rental stations with about 180 e-bikes.

Aachener Verlagsgesellschaft mbH, headquartered in Aachen, is the majority shareholder of Zeitungsverlag Aachen GmbH and publisher of the Aachener Zeitung and its local editions in the Aachen city region, Heinsberg district and Düren district. The participation in the joint venture represents a strategic investment through which the topic of mobility and the diverse media products of Aachener Verlagsgesellschaft mbH are to be combined.

Velocity has a 51% stake in the joint venture, Velocity Region Aachen GmbH, and Aachener Verlagsgesellschaft mbH has a 49% stake. The pedelec rental system will be operated and developed by the joint venture in the future. With the joint venture, it is planned to significantly expand the network of rental stations as well as the vehicle fleet and to broaden the range of services, for example for business customers. There are also plans to expand the Velocity pedelec rental system to parts of the Aachen city region and to Belgian and Dutch border communities.

As part of the transaction, KPMG Law provided legal advice on the negotiation of the agreement underlying the joint venture and the implementation of the investment in the joint venture. KPMG advised on the tax aspects of the investment.

Consultant Velocity Aachen GmbH

KPMG Law Rechtsanwaltsgesellschaft mbH: Dr. Philipp Wüllrich, LL.M., Partner, Legal Deal Advisory, Lead Partner, Cologne, Stephan Schaal, Senior Associate, Legal Deal Advisory, Cologne

KPMG AG Wirtschaftsprüfungsgesellschaft: Florian Merkel, Manager, Corporate Tax Services

Consultant Aachener Verlagsgesellschaft mbH

Mazars Rechtsanwaltsgesellschaft mbH, Hamburg

Explore #more

16.07.2024 | KPMG Law Insights

The AI Act is coming: EU wants to get a grip on AI risks

For many people, artificial intelligence (AI) is the great hope for business, healthcare and science. But there are also plenty of critics who fear the…

15.07.2024 | In the media

Guest interview in the Fachfragen Podcast: Is antitrust law becoming “greener”? – An update

Sustainability goals and criteria – i.e. ESG aspects in the broader sense – continue to be the focus of social debate and determine consumer behavior.…

12.07.2024 | Business Performance & Resilience, In the media

Guest article in the IPE Dach: Necessary contract adjustments for DORA implementation

Deadline January 17, 2025: Financial companies and other service providers should start implementing the rules of the “Digital Operational Resilience Act” today, because the preparations,…

08.07.2024 | In the media

Article in In-house Counsel with KPMG Law Statement: Have software modules delivered, assemble, fine-tune, done

The article from 05.07.2024 contains an article with a statement by KPMG Law expert Kai Kubsch. IT applications for the legal department programmed by…

05.07.2024 | In the media

Guest article in Deutscher AnwaltsSpiegel: Transformation in legal departments

The KPMG Legal Department Report, now in its tenth edition (see here), has established itself as the standard work for general counsel since 2005…

03.07.2024 | KPMG Law Insights

BImSchG amendment to speed up approval procedures

On 17.05.2024, the traffic light parliamentary groups agreed on the amendment to the Federal Immission Control Act (BImSchG). The law is intended to create faster…

01.07.2024 | In the media

Guest article in Business Punk: Startup insolvency – bargain for investors or incalculable risk?

The issue of June 25, 2024 contains a guest article by KPMG Law experts Stefan Kimmel and Gunars Urdze. The Covid-19 pandemic and the…

01.07.2024 | In the media

Guest article in IT-Zoom: The path to safe and ethical AI

The June 25, 2024 issue of IT-Zoom contains a guest article by KPMG Law expert Francois Maartens Heynike and KPMG Law expert Kerstin Ohrem.…

28.06.2024 | KPMG Law Insights

Podcast series “KPMG Law on air”: ESG and employment law

Sustainable corporate governance is increasingly becoming a legal obligation. The HR department is also affected. Because “sustainable” also includes social aspects. Accordingly, companies have numerous…

25.06.2024 | In the media

Guest article in the ESGZ: Is antitrust law becoming “greener”? – An update

The June issue of ESGZ contains a guest article by KPMG Law expert Jacqueline Unkelbach. Sustainability goals and criteria – in a broader sense…

Contact

Claudia Endter

Marketing Manager

Heidestraße 58
10557 Berlin

tel: +49 30 2068 1271
cendter@kpmg.com

© 2024 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.

 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

Scroll