Virtualware Acquires 100% of UK-Based Virtalis with IVF, Cofides, Elkargi, and BTI Backing

Spanish company Virtualware has acquired UK-based Virtalis in a deal backed by several investors.

Virtualware, a Spanish company specializing in digital twin technology, has acquired UK-based Virtalis, a provider of virtual reality and digital twin solutions. The acquisition was backed by several investors, including IVF, Cofides, Elkargi, and BTI. The deal is expected to strengthen Virtualware's position in the digital twin market.

Virtalis has developed various digital twin solutions, including virtual reality and augmented reality experiences, as well as simulation and modeling tools. The company's technology is used in various industries, including manufacturing, healthcare, and education.

The acquisition is expected to expand Virtualware's offerings in the digital twin space, enabling the company to provide more comprehensive solutions to its clients.