German industrial group Siemens is all set to buy Dutch self-driving software specialist Tass International, according to some reports. The monetary details have not been disclosed yet.
The acquisition will strengthen the Siemens’s automotive business. The company plans to combine Tass’s software with its own advanced simulation products and the electronic design capabilities from Mentor Graphics recently acquired by Siemens earlier this year for $4.5 billion.
It is known that Tass makes software that can simulate complex traffic scenarios, validate autonomous driving and advanced driver assistance systems and replicate the impact of a car crash on a human body. Taas has an annual turnover of around 27 million euros ($32.3 million) and around 200 employees.