Siemens has agreed to buy Dutch automotive software company Tass International for an undisclosed amount, according to a report from Reuters on Wednesday.
Tass International produces accident simulation software for safety design, automobile sensors and processing software,as well as engineering services focused on autonomous driving and advanced driver assistance systems (ADAS). The company has annual turnover of around 27 million euros ($32.3 million).
“The automotive industry is a core focus for Siemens and our acquisition of Tass International is another example of our commitment to offer a complete Digital Enterprise solutions portfolio, enabling automotive companies to realise their digital transformation and fully benefit from all opportunities of digitalization” said Dr. Jan Mrosik, CEO of Siemens’ Digital Factory division.
“Tass International is a proven leader in both integrated safety and autonomous driving, two fields of engineering that are increasingly important for the industry. By combining its strengths with Siemens’ PLM offerings, we are able to respond even better to today’s challenges in the automotive industry.”
According to Infoholic Research, the global autonomous vehicles market revenue is expected to grow at a CAGR of 39.6% during the forecast period 2017-2027 reaching $126.8 billion by 2027. It says “increased investments by automakers, the changing needs and behaviour of customers, and environment-friendly features of autonomous vehicles are expected to drive market growth.”
Siemens will combine the Helmond-based company’s software with its own advanced simulation products and its electronic design automation (EDA) solutions, which it obtained from the $4.5 billion acquisition of Mentor Graphics earlier this year.
“The integration of Tass International into the Siemens organisation is expected to create a stable long-term environment and allow access to a vast knowledge base. This can help to build an integrated toolchain for verification and validation of complex automotive functions that should benefit both the automotive industry as well as government organisations worldwide,” said Jan van den Oetelaar, CEO of TASS International.
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