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September 12, 2016

ZF purchases 40% stake in doubleSlash software

ZF is to buy 40% of software specialist, doubleSlash to work in the field of vehicle networking.

ZF is to buy 40% of software specialist, doubleSlash to work in the field of vehicle networking.

Both companies started cooperating last autumn featuring software development, networked products and services, product data management and Enterprise Information Management.

“With doubleSlash, we have gained an experienced partner in the field of vehicle networking,” said ZF CEO, Stefan Sommer.

“This collaboration ensures new solutions for us to equip the cars of the future with intelligent software architecture according to our SEE, THINK, ACT guiding principle.

“To achieve this, we are gradually filling in the remaining gaps in our technology portfolio.”

DoubleSlash has supported ZF in several software projects, such as web technologies which facilitate the user’s communication with the Advanced Urban Vehicle (AUV) and the visualisation of this interaction.

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Data and signals can be transmitted in real time using the technologies.

“Working together on this was a promising start,” added doubleSlash general manager, Andreas Strobel.

We are delighted to have gained ZF as a partner, with whom we can pursue and further expand our existing strategy of digitising companies and networking products.”

DoubleSlash will also continue to operate on the market as an autonomous and independent software company.

DoubleSlash Net-Business was founded at Lake Constance in Friedrichshafen in 1999 and develops software solutions to digitise business processes in sales, marketing and service.

In the 2014 fiscal year, the company generated sales of around EUR10m (US$11.2m) The headquarters of the company with around 100 employees is in Friedrichshafen and another branch was opened in Munich in mid-2011.

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