Symtavision acquired by tool vendor Luxoft

Symtavision acquired by tool vendor Luxoft

Business news |
By eeNews Europe

The move fits perfectly to its solution-based, end-to-end offering strategy, Luxoft said. The acquisition gives the company the opportunity to expand into the promising (and rapidly growing) automotive under-the-hood (UTH) segment. Traditionally, Luxoft has focused on cockpit engagements involving HMI, infotainment, navigation, autonomous driving features and telematics. As many of the vehicle’s elements are moving rapidly from being hardware to software-defined, Luxoft said it envisions future demand to be connected with UTH-focused opportunities and solutions addressing various challenges related to UTH and cloud system design, development, management and maintenance.

As the automotive industry increasingly adopts and implements Advanced Driver Assistance Systems (ADAS) and automated driving, the demand for tooling and expertise associated to real-time systems in this segments creates a growing opportunity for Luxoft. The acquisition of Symtavision addresses a critical need to have UTH systems operating safely and securely in real-time as well as to manage all UTH operations by means of software.

No details as to the financial volume of the transaction were given. Luxoft’s Automotive Managing Director Georg Doll described Symtavision’s customer base and product spectrum as “highly complementary to those of Luxoft.”

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