Questel acquires majority stake in Brandstock
Questel, one of the world’s largest intellectual property software and service providers, has signed an agreement to acquire a majority stake in Brandstock, an international player in IP Services.
Founded in 1993 and based in Munich (Germany), Brandstock leverages their advanced technology platform to provide the highest quality services in the most cost-effective manner for trademark searches and ﬁlings, IP maintenance fee payments, IP costs benchmarking, data veriﬁcation, brand protection, portfolio management and IP recordals. Led by its founder, Volker Spitz, and supported by over 140 employees, Brandstock serves 400 clients globally.
This acquisition is part of Questel’s ongoing strategy to build a one-stop-shop offering in the areas of IP and innovation. Brandstock’s trademark ﬁling service is highly synergetic with Questel’s international patent ﬁling service. With the Brandstock acquisition, Questel achieves an annual turnover of c. M€ 150 and 700 worldwide employees, ﬁrmly establishing itself as a global leader in the IP industry.
“Brandstock is the right ﬁt for Questel,” says Charles Besson, Questel CEO. “Germany is now Questel’s main place for business in Europe, and Brandstock markedly expands our catalog of IP services.”
“Brandstock already holds one of the top market position for trademark renewals and is a serious contender for patent renewals,” adds Volker Spitz CEO and founder of Brandstock, “We have an ambitious plan to disrupt the patent annuities business, and Questel has just the right market leadership and entrepreneurial spirit to accelerate that plan.”