AMG Advanced Metallurgical Group N.V. (ENXTAM:AMG) acquired Phyr7 GmbH on August 20, 2021. Phyr7 will be renamed LIVA Power Management Systems GmbH. Volker Koelln, Founder of Phyr7 GmbH, is the Chief Executive Officer of LIVA Power Management Systems GmbH, and Holger Mueller-Rink is Chief financial officer, holding the same position at AMG Lithium. Stefan Scherer chairs the company's Supervisory Board.

AMG Advanced Metallurgical Group N.V. (ENXTAM:AMG) completed the acquisition of Phyr7 GmbH for $3.196 million on August 20, 2021.