Luxoft, the system integration and development partner for over 30 automotive OEMs and Tier 1 suppliers behind Daimler's new infotainment system in the Mercedes A-Class, has acquired a German-based software specialist in autonomous drive and connected mobility services, Objective Software.
Objective software employs 100 people in several European locations and was founded in 1998. This acquisition represents the latest step in its automotive business which grew by 43% last year.
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This is the third M&A for the automotive business, following the acquisitions of digital cockpit specialists Pelagicore and autonomous drive specialists Symtavision in 2016.
This acquisition expands the company's ADAS, autonomous drive and connected mobility practices amid growing demand for these services.
Luxoft gains access to a range of objective IP-based products including a tele-operated driving platform, cloud-based autonomous car-sharing, automotive cybersecurity solutions and a Lidar-based automated parking scanner. These, combined with Objective's domain expertise, will enhance Luxoft's design, development and implementation of software.
"This acquisition reinforces the strong foundation on which our automotive practice has grown in recent years and future-proofs our capabilities," said Dmitry Loschinin, president and CEO of Luxoft.
"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."
