Groupe Renault has announced it signed a final agreement on the acquisition of Intel's French embedded software R&D activity based in Toulouse and Sophia-Antipolis, France.
"With this acquisition, Groupe Renault will be bringing in a full spectrum of skills to reinforce developments in next-generation embedded vehicle software," the automaker said in a statement.
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"This brings valuable experience in areas such as personalised services and remote, autonomous, real time updates with no outside intervention."
"This acquisition is right in line with Groupe Renault's strategy of offering new connected services and improving the experience of its customers," said group chairman and CEO Carlos Ghosn.
"The Intel employees joining Renault hold highly relevant skills in what is a strong competitive technical field, where the alliance is one of the world leaders. Groupe Renault thereby continues to support French innovation and economic development in France."
Intel's French R&D teams hold established software development expertise complementary to Renault's, the automaker said.
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By GlobalData"They'll be bringing Renault expertise, advanced methods and tools, plus access to a sound network of suppliers, laboratories and partner companies. Some teams already have automotive-specific skills in multimedia and connectivity."
The acquisition will proceed through Groupe Renault purchasing a company formed by Intel to take in the embedded software R&D activity at the Toulouse and Sophia Antipolis sites. The new company will be attached to the Groupe Renault Alliance Systems Engineering Department.
Finalisation is expected by the second half of 2017.
