Image: Objective Software
Luxoft, a global IT service provider based in Zug, Switzerland, has acquired Objective Software GmbH, a 20-year-old consultancy with its headquarters in Munich, Germany plus offices in Turin, Italy; Luxembourg; and Wroclaw, Poland. Objective specializes in software development for the automotive industry, with a focus on connected cars and autonomous drive.
Objective’s portfolio of IP based solutions also includes technologies for ADAS and high-accuracy positioning; and mobility and smart city applications such as those for a tele-operated (remote) driving platform; cloud-based autonomous car sharing; a LiDAR-based automated parking scanner; and automotive cybersecurity. Luxoft notes that these particular solutions plus Objective’s domain expertise will enhance its next-generation software, and that it sees opportunities to “significantly scale Objective’s existing projects in autonomous driving and connected mobility”.
The acquisition is also said to strengthen Luxoft’s presence in Munich in particular. The company intends to expand its software development services to the automakers and Tier 1 suppliers based in the area. Objective describes itself as a longstanding partner to BMW, for example, with whom it is working on technologies such as a Linux-based operating system for ECUs and further AutoSAR (Automotive Open System Architecture) solutions.
Luxoft president and CEO Dmitry Loschinin said in a statement: “Objective has established a strong footprint with major German OEMs, and we believe these synergies will allow us to deliver more strategic value to our clients. We look forward to working with Objective’s team and enhancing our existing offerings, as we develop the tools that are enabling the mobility revolution.”
Clemens Dannheim, co-CEO of Objective, added: “There is huge potential for Luxoft to grow Objective’s solutions to benefit new and existing customers… With advanced connected mobility services and autonomous cars already on our streets, we wanted to take this opportunity to scale our business and effect the changes revolutionizing the automotive industry on a global scale.”