LabCampus, a subsidiary of Flughafen München GmbH, has gained a global technology leader in autonomous driving as its first anchor tenant. Argo AI will use the facilities to develop its vehicle systems in the future.
In the course of the co-operation, Flughafen München GmbH and Argo AI are jointly developing a test track covering approximately nine hectares on the airport site, including a workshop. The test track, nearby the aircraft maintenance hangars, will be used to test autonomous driving vehicles under realistic conditions in various traffic situations as of mid-2021. Argo AI will also rent space in the first LabCampus office building, “LAB 48” that is scheduled to open in 2022.
Dr. Armin Frhr. von Grießenbeck and Dr. Alexander Weiss advised Munich Airport and LabCampus in the negotiations of all related agreements.
Argo AI is a self-driving technology platform company headquartered in Pittsburgh, Pennsylvania. The company was co-founded in 2016 by Bryan Salesky and Peter Rander, Argo AI’s Self Driving System (SDS) technology will be incorporated into vehicles manufactured by Argo AI’s major investors, Ford and VW.
The team led by Dr. Armin Frhr. von Grießenbeck regularly advises Flughafen München GmbH, most recently on an apartment hotel, a “long-stay boarding house” with 230 units, which is being built as part of LabCampus on the airport site.
Counsel to Flughafen München GmbH/LabCampus
Heuking Kühn Lüer Wojtek:
Dr. Armin Frhr. von Grießenbeck (Lead),
Dr. Alexander Weiss (both Real Estate), both Munich