Official statement: VeChain is not considering to acquire Ambrosus GmbH

05 Apr, 2019 | Updated: 05 Apr, 2019
by Joeri Cant
News
Official statement: VeChain is not considering to acquire Ambrosus GmbH

VeChain CEO, Sunny Lu, took to Twitter today to officially deny the rumors that VeChain bought the project Ambrosus and that VeChain would be rebranded as VeChain GmbH.

The CEO of VeChain, tweeted out an official statement, which made it clear that VeChain isn't considering to acquire Ambrosus GmbH, or any interest in Ambrosus GmbH for that matter.

Most likely a publication in the Swiss Official Gazette of Commerce, started the rumors that had been floating around that VeChain bought Ambrosus and that VeChain would be rebranded as VeChain GmbH.

Sunny Lee further explained that Vechain intends to enforce its right to stop and prevent the misuse of its VeChain trademark that is one 100% owned by Shanghai Weilian Information Technology Co. Ltd, a subsidiary of VeChain.

Lu stated that these tweets would be the last messages on this topic, while adding that no one from VeChain team globally knew or met to discuss anything with Ambrosus.

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Angel Versetti, the co-founder and CEO of the company Ambrosus, which is a blockchain-powered IoT network, took to Reddit to further shed light on this situation, with the hope that these various speculations will now end with his clarification.

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