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Tag Archives: acquisition

Siemens all set to buy self-driving software specialist Tass International

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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 …

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WABCO expanding its global FMS business to India acquires AssetTrackr

WABCO Holdings has announced that it is expanding its global fleet management solutions (FMS) business to India by acquiring AssetTrackr. WABCO signed an agreement to purchase 100% of AssetTrackr’s shares. The transaction is now subject to customary conditions precedent and expected to close by the fourth quarter 2017. It is …

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Isotrak acquires VeriLocation

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Isotrak has acquired VeriLocation. The deal will create a business servicing in excess of 500 customers over 50,000 connections in the UK and overseas, across all sectors of the fleet and telematics industry. UK-based VeriLocation has established itself as a technology leader in the commercial vehicle telematics market, heavily focused …

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Trimble acquires ISE, expanding its fleet safety and compliance solutions

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Trimble has acquired privately-held Innovative Software Engineering (ISE), an engineering and systems integration firm that delivers end-to-end Internet of Things (IoT) and telematics solutions, enterprise mobility applications and tailored software solutions headquartered in Coralville, Iowa. The acquisition expands Trimble’s fleet safety and compliance solutions and allows Trimble to offer electronic …

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MOIA to take over the Finnish software company Split Finland Oy

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MOIA, the new mobility company in the Volkswagen Group, is taking over the Finnish software company Split Finland Oy. As a wholly owned MOIA subsidiary the Espoo-based company will be known as MOIA Finland Oy. The main tasks of the team led by co-founder Teemu Sihvola will include the development …

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DMI acquires Lochbridge to help extend the customer’s digital lifestyle to the car

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DMI, an end-to-end mobility solutions provider, has announced the acquisition of Detroit-based Lochbridge, a market leader in bringing IoT solutions to the automotive, healthcare, financial services and manufacturing sectors. Lochbridge has enabled more than $1.5 billion in new annual revenues for its clients. Together, the companies will help organizations across …

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Verizon invests in Renovo Auto, eyes autonomous vehicles

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According to some reports Verizon has invested around $10 million on Renovo Auto, an autonomous vehicle startup. The company is based in California and was founded in 2010. Renevo Auto had caught attention when it had converted a vintage DeLorean into a self-driving car. Renovo has been involved in building …

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SiriusXM acquires Automatic Labs

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SiriusXM has announced the acquisition of Automatic Labs Inc. (Automatic), a San Francisco-based provider of connected vehicle services for consumers and enterprises. Automatic’s data-driven platform enables vehicle owners to be safer and drive smarter. The company’s proprietary Automatic Pro and Automatic Lite connected car adapters (available at retailers and www.automatic.com) …

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Valeo acquires gestigon, a startup specialized in developing 3D image processing software

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Valeo has acquired all of the outstanding shares of gestigon, a German start?up specialized in developing 3D image processing software for the vehicle cabin. Designed to reinforce Valeo’s technological leadership in automated driving, this acquisition provides a solution to the need to develop simple, intuitive and effective human-machine interfaces (HMI) in …

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Intel to acquire Mobileye for $15 billion

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Intel and Mobileye have announced that they have entered into a definitive agreement pursuant to which Intel will acquire Mobileye. Under the terms of the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing …

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