AVL Sets the Course for the Future

Following the successful restructuring of AVL Group’s financing and the leadership transition within its Instrumentation & Test Systems (ITS) business unit, AVL is setting a clear course for innovation and international competitiveness.

Graz, 24 June 2026 – AVL List, one of the world's leading companies for the development, simulation and testing of powertrain systems and innovative mobility solutions, is realigning the management of the Instrumentation & Test Systems (ITS) business unit: Alexander Kraus will be appointed Chief Operating Officer as of July 2026. AVL would like to thank the previous managing directors for their many years of dedication and for guiding the business unit through recent months.

With this realignment, AVL is strengthening this strategic core area and consistently continuing its transformation course. This leadership appointment follows the successful conclusion of a restructuring agreement with the Group's financing partners and underscores the company's clear focus on the future.

Alexander Kraus brings international leadership experience at the intersection of technology, regulation and innovation. As Chief Technology Officer of the TÜV SÜD Mobility Division for many years, he was responsible for global innovation and digitalisation programmes and played a key role in shaping the standardisation and regulation of software-driven mobility solutions.

Since July 2025, Kraus has been Managing Director of AVL Deutschland GmbH and Global Head of SDV & AD Homologation. In this role, he was responsible for the global alignment of approval strategies for software-defined and highly automated vehicles. As COO of ITS, he will now use his international experience and technological expertise in a targeted manner to further drive the successful development of the business unit and provide additional growth impetus.

"The Instrumentation & Test Systems division has exceptional technological expertise, strong international customer relationships and plays a central role in AVL's strategy. Software-defined vehicles and new powertrain technologies require the most precise measurement, intelligent validation and scalable test solutions. This is where significant opportunities lie. I look forward to working with the team to further expand AVL's technological leadership role and to support our customers worldwide in their innovation projects," says Alexander Kraus, future COO of the ITS business unit at AVL.

"Alexander Kraus combines a deep understanding of technology with international management experience. At a time when software, automation and new mobility concepts are transforming our industry, he will play a key role in advancing our ITS business. His expertise strengthens our position as a leading technology partner to the mobility industry," emphasizes Lukas Walter, CEO of AVL.

Financial restructuring as the foundation for stability and growth

In addition to strengthening the personnel of the ITS business unit, important progress was made at the company level as part of the restructuring of the financing of the AVL Group. AVL recently concluded successful negotiations with its Austrian and international financing partners regarding the implementation of the AVL Group's restructuring program. On the one hand, the agreement includes the restructuring and safeguarding of existing financing until the end of 2028. In addition, financing was concluded to ensure AVL's planned financing requirements until the end of 2028.

The commitment of the financing partners underlines their confidence in the future viability of the AVL Group, its technological strength and its long-term competitiveness. The restructuring continues to proceed according to plan and will enable the company to continue to make targeted investments in innovation, research and development as well as international growth opportunities in the future.

Operational stability and reliable partnerships

The cooperation with customers, suppliers and other business partners is developing according to plan and forms a reliable basis for the further development of the company. With the refinancing and the realignment of the management team, AVL is demonstrating the necessary financial and operational stability to continue to be a strategic partner for customers, suppliers and other business partners in the future.

Clear course for the future

Under the leadership of CEO Lukas Walter, AVL is looking ahead with a clear strategic orientation. The successful implementation of the restructuring, the targeted reinforcement of the management team and the company's high level of innovation form a solid foundation for the next phase of development.

AVL will continue to shape the technological transformation of the mobility industry, unlock new market opportunities and further strengthen its position as a leading international technology partner.

Photocredit: Doris Sporer