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Tech giant Bosch acquires automated driving company Five

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German tech giant Bosch has moved to acquire an automated driving company Five.

The company based in Cambridge, fifth on our TransportTech 50 ranking at the end of last year, it is Europe’s leading startup in the sector with six UK offices and 140 employees.

Financial details were not disclosed and the acquisition is subject to antitrust approval.

Bosch said Five has given preference to other takeover bidders as the two companies share a common view on safe automated driving systems.

“Automated driving is intended to make road traffic safer. We want Five to give our work in developing software for safe automated driving an extra boost and offer our customers European-made technology, “said Dr Markus Heyn, Bosch board member and industry president Mobility Solutions company.

Five will join Bosch’s cross-domain IT solutions division.

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“Scalability is important in creating automated driving technology,” said Stan Boland, CEO of Five.

“Bosch is a global leader in driver assistance technologies, with core technologies and vast data lakes that will be essential for bringing safe autonomous driving systems to market.”

The Society of Automotive Engineers defines six levels of driving automation, ranging from 0 (fully manual) to 5 (fully autonomous).

“We are thrilled that Five is joining Europe’s most powerful level 4 player SAE and part of Bosch’s future success,” added Boland.

Five focuses primarily on a cloud-based development and test platform for software used in self-driving cars that provides engineers with the programs necessary to create automated pacing driving software and to test it before and during its implementation in vehicles. test.

The platform is able to analyze real data from a fleet of test vehicles, create advanced test scenarios, and build a simulation environment that allows you to evaluate and validate the behavior of the system.

Tech giant Bosch acquires automated driving company Five

Source link Tech giant Bosch acquires automated driving company Five

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