Ridecell introduces the first complete autonomous new mobility solution with acquisition of Auro and the launch of the Ridecell Autonomous Operations Platform

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San Francisco, Calif – October 9, 2017 – Ridecell,™ Inc., the leading global platform for carsharing and ridesharing operators, today announced the acquisition of Auro, a California based developer of autonomous vehicle technology, in an all-stock transaction. Ridecell also announced the public availability of its autonomous operations platform which has successfully been used in autonomous pilot programs. With these two initiatives, Ridecell now offers the industry’s first complete autonomous new mobility solution that enables on-demand autonomous shuttle mobility service in low-speed, private-road settings.

The Auro acquisition will bring the expertise to accelerate the capabilities of the Ridecell autonomous operations platform. The Auro team will become the Ridecell Autonomous Driving Division. Ridecell will be able to extensively test its autonomous operations platform in real world environments through integration of Auro-enabled driverless shuttles in private road environments. Ridecell will continue to collaborate with autonomous leaders to apply the Ridecell platform to the world’s leading self-driving vehicles for automated management of operational tasks such as cleaning, refueling, and emergency response situations.

“The Auro acquisition and the launch of our autonomous operations platform represent the next phase of our strategy to provide a complete autonomous solution for Ridecell customers,” said Aarjav Trivedi, CEO of Ridecell. “We can now provide even more value for our autonomous customers and help mobility operators launch new carsharing, ridesharing, and on-demand shuttle services today that will accommodate the addition of autonomous vehicles without the need to change the underlying platform. The acquisition makes it possible to launch a proven autonomous shuttle service today in settings such as corporate and college campuses.”

Auro Acquisition 
Auro’s autonomous technology is the leading self-driving platform for low speed deployments. Auro partners with shuttle manufacturers to add self-driving capabilities to leading shuttle and neighborhood electric vehicle platforms. These shuttles can safely drive people around within campuses, theme parks, resorts, business parks, and retirement communities.

Private environments with low-traffic, low-speed roads provide the perfect setting for deploying autonomous vehicles today. Auro-enabled shuttles were among the first driverless shuttles put into daily operation on the Santa Clara University campus in California and have already provided safe transportation to thousands of riders.

“The technology behind Auro-enabled driverless shuttles, together with the Ridecell on-demand mobility platform, will help campuses and other private environments prove that autonomy can be an integral part of an urban transportation experience today, rather than just a short, fixed- route showcase,” said Nalin Gupta, CEO of Auro. “We are excited to join forces with Ridecell to make even bigger strides in autonomous new mobility.”

Auro was founded in 2013 by roboticists from Indian Institutes of Technology and Carnegie Mellon University, who have worked together on autonomous vehicles since 2011, and is backed by investors including Y Combinator and Motus ventures.

Ridecell Autonomous Operations Platform
Ridecell also announced the availability of its new autonomous operations platform. The platform is designed to automate vehicle and operations management for autonomous fleets.

The platform gives autonomous vehicle fleets the intelligence to manage their own operational tasks, in both routine and emergency situations. The platform can direct autonomous vehicles to operations depots for maintenance and route support vehicles to the autonomous vehicle for routine operational tasks such as cleaning as well as on-demand assistance in exceptional situations. The platform also automates vehicle access so service personnel are able to enter the vehicle. Additionally, the platform automates reporting for autonomous compliance and risk data.

Today’s announcement cements Ridecell as the leading new mobility company with a platform that scales from driven to driverless new mobility services.

About Ridecell:
Ridecell is on a mission to empower new mobility operators, including OEMs, car rental companies, auto clubs, cities, transit agencies, dealer groups, and private fleets to launch,expand, and maximize the utilization of their own ridesharing and carsharing services. Headquartered in San Francisco, the company provides an intelligent software platform that runs new mobility services, such as carsharing, ridesharing, and autonomous fleet management. End-to-end integration and automation accelerate time to market, enabling Ridecell customers to launch mobility services quickly, operate efficiently, and scale revenues as business grows. Founded in 2009, Ridecell has already processed over 20 million rides and rentals and has a team of more than 100 professionals in the US, Europe, Asia and Australia. The company now powers new mobility offerings, including BMW’s ReachNow, VW’s OMNI and AAA’s GIG Carsharing service. In addition, Ridecell powers dynamic shuttle services for campuses such as Georgia Tech, UC Berkeley, UCSF, 3M, and transit agencies like SouthWest Transit.

Source: Ridecell

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Siemens to acquire TASS International, adding automated driving solutions to portfolio

  • Global provider of simulation software, and engineering and test services to further strengthen Siemens’ PLM Software automotive offering

  • Solutions aimed primarily at autonomous driving, integrated safety, advanced driver assistance systems, and tyre modeling

  • Combined offering provides unique fully integrated solution to front load the verification and validation of automated driving systems

Siemens will acquire TASS International, a global provider of simulation software, plus engineering and test services aimed primarily at the automotive industry, and focused on autonomous driving, integrated safety, advanced driver assistance systems (ADAS), and tyre modeling. Based in Helmond, Netherlands, TASS International has developed a rich family of solutions that will further strengthen Siemens’ product lifecycle management (PLM) software portfolio, and add to its position as the leading supplier of ‘systems driven product development’ offerings for the global automotive industry.

“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 realize 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.”

With active safety and advanced driver assistance systems features increasingly becoming the norm in the automotive industry, the compelling trends of connected and autonomous driving vehicles set new requirements for virtual and physical validation and verification of automotive vehicles.

“The Siemens PLM Software portfolio offers a significant opportunity for TASS International and its customers to accelerate the development of safety-critical applications in the field of automated and connected driving. Our engineering and test services will reach a larger audience through the extensive Siemens global footprint,” said Jan van den Oetelaar, CEO of TASS International. “The integration of TASS International into the Siemens organization 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 organizations worldwide.”

TASS International is focused on automated driving solutions and integrated (active, passive) safety, primarily for the automotive industry. With its PreScan software, car manufacturers, suppliers and government agencies can simulate complex traffic scenarios and virtually validate automated driving solutions and advanced driver assistance systems. With its leading Madymo software for occupant safety modeling, TASS International can simulate the impact of a car crash on the human body. TASS International’s Delft-Tyre software provides highly accurate tyre models for vehicle dynamics and ride and handling simulations.

TASS International’s simulation software will be combined with Siemens’ Simcenter portfolio of advanced simulation offerings, and its electronic design automation (EDA) solutions from the recently acquired Mentor Graphics organization. The combination will provide a unique fully integrated solution to frontload the verification and validation of ADAS and autonomous driving systems, providing Siemens with the world’s most complete systems-driven product development offering for autonomous vehicles.

Siemens will acquire 100 percent of the share capital of TASS International and integrate the business into its PLM Software business unit, which is part of its Digital Factory Division. TASS International has approximately 200 employees and has an annual turnover of €27m.  Closing is expected in early September 2017.  Both parties mutually agreed not to disclose the financial conditions of the acquisition.

About Siemens

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide.

Via: TASS International

Meritor Announces Acquisition of Product Portfolio and Technologies of Fabco Holdings, Inc. — Press Releases: allnewsitems

Item Date: 9/5/2017 Date: Sep 05 2017 Body: Expands Portfolio for Specialty, Defense and Off-Highway Customers Globally TROY, Mich. – (Sept. 5, 2017) – Meritor, Inc. (NYSE: MTOR) today announced that it has acquired the product portfolio and related technologies of Fabco Holdings, Inc. (“Fabco”) and its subsidiaries. Terms of the transaction were not disclosed.…

via Meritor Announces Acquisition of Product Portfolio and Technologies of Fabco Holdings, Inc. — Press Releases: allnewsitems

BorgWarner Enters Into Agreement to Acquire Sevcon

Auburn Hills, Michigan – BorgWarner announced that it has entered into a definitive agreement to acquire Sevcon, Inc., a global player in electrification technologies. Sevcon complements BorgWarner’s power electronics capabilities utilized to provide electrified propulsion solutions.

“This acquisition supports our existing strategy to supply leading technology for all types of propulsion systems; combustion, hybrid and electric,” said James Verrier, President and CEO of BorgWarner. “We look forward to welcoming Sevcon’s talented employees to BorgWarner.”

The completion of the transaction is subject to certain terms and conditions, including the approval of Sevcon’s stockholders and receipt of required competition law approval.  The expected enterprise value of the transaction at closing is approximately $200 million. The transaction is expected to close in the fourth quarter of 2017 subject to the satisfaction of closing conditions.

About Sevcon

Sevcon is a global supplier of control and power solutions for zero-emission, electric and hybrid vehicles. Its products control on- and off-road vehicle speed and movement, integrate specialized functions, optimize energy consumption and help reduce air pollution. Sevcon’s Bassi Division produces battery chargers for electric vehicles; power management and uninterrupted power source systems for industrial, medical and telecom applications; and electronic instrumentation for battery laboratories. The company supplies customers from its operations in the U.S., U.K., France, Germany, Italy, China and the Asia Pacific region, as well as through an international dealer network. Learn more about Sevcon at www.sevcon.com.

Via: BorgWarner Press Release

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Lear Completes Acquisition of Grupo Antolin’s Automotive Seating Business

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SOUTHFIELD, Mich., April 28, 2017 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today announced the completion of its acquisition of Grupo Antolin’s automotive seating business.

Grupo Antolin’s seating business has annual sales of approximately €300 million with operations in five countries in Europe and North Africa.  Grupo Antolin’s seating business is comprised of just-in-time seat assembly, seat structures & mechanisms and seat covers, and is well positioned among the largest European automakers, including Daimler, Peugeot Citroen, Renault Nissan and Volkswagen.

The transaction is valued at €286 million on a cash and debt free basis and is forecasted to be accretive to 2017 earnings per share. Lear will update its 2017 financial outlook to include Grupo Antolin’s seating business on July 26th when the Company announces its Second Quarter 2017 financial results.

“The Grupo Antolin seating business is an excellent fit for Lear and is consistent with our strategy to invest in our core business, accelerate our growth and deliver superior value to shareholders,” said Matt Simoncini, Lear’s President and CEO.  “This business has an excellent reputation for quality and customer satisfaction as well as a strong market position in Europe with leading customers,” added Simoncini.

Grupo Antolin’s seating business has an experienced management team, modern facilities and a reputation for lean manufacturing, superior quality and innovation, including high-functionality and light weight seat designs.

“We are very pleased to add Grupo Antolin’s strong capabilities to Lear’s global seating business.  This acquisition will further strengthen and diversify Lear’s seating business, improve the overall value we are able to offer our customers and provide additional opportunities to grow our market share,” concluded Simoncini.

Grupo Antolin’s seating business is headquartered in France and it includes 12 manufacturing facilities, 2 technological centers and 2,273 full-time and contract employees.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words “will,” “may,” “designed to,” “outlook,” “believes,” “should,” “anticipates,” “plans,” “expects,” “intends,” “estimates,” “forecasts” and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address operating performance, events or developments that the Company expects or anticipates may occur in the future are forward-looking statements.  Factors that could cause actual results to differ materially from these forward-looking statements are discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and its other Securities and Exchange Commission filings. Future operating results will be based on various factors, including actual industry production volumes, commodity prices and the Company’s success in implementing its operating strategy.

Information in this press release relies on assumptions in the Company’s sales backlog. The Company’s sales backlog reflects anticipated net sales from formally awarded new programs less lost and discontinued programs. The calculation of the sales backlog does not reflect customer price reductions on existing or newly awarded programs. The sales backlog may be impacted by various assumptions embedded in the calculation, including vehicle production levels on new programs, foreign exchange rates and the timing of major program launches.

The forward-looking statements in this press release are made as of the date hereof, and the Company does not assume any obligation to update, amend or clarify them to reflect events, new information or circumstances occurring after the date hereof.

About Lear Corporation

Lear Corporation (NYSE: LEA) was founded in Detroit in 1917 as American Metal Products.  In 2017, the Company will celebrate its 100thyear anniversary.  Lear is one of the world’s leading suppliers of automotive seating systems and electrical distribution systems (E-Systems).  Lear serves every major automaker in the world, and Lear content can be found on more than 400 vehicle nameplates.  Lear’s world-class products are designed, engineered and manufactured by a diverse team of approximately 150,000 employees located in 37 countries.  Lear currently ranks #154 on the Fortune 500.  Lear’s headquarters are in Southfield, Michigan.  Further information about Lear is available at http://www.lear.com or follow us on Twitter @LearCorporation.

About Grupo Antolin’s Seating Business

Grupo Antolin’s seating business is well positioned among major European automakers, including Peugeot Citroen, Daimler, Renault Nissan and Volkswagen.  The Company has annual sales of approximately €300 million; 12 manufacturing facilities (7 in Spain, 2 in France, 1 in the Czech Republic, 1 in Portugal and 1 in Morocco); 2 technological centers (in France and Spain) and 2,273 full-time and contract employees in 6 countries.  Grupo Antolin’s seating business headquarters is located in France.

SOURCE Lear Corporation

Siemens to acquire a leading software provider for public transportation, mobility and logistics

  • Expansion of Siemens’ offerings with industry-specific software for the mobility sector – rigorous implementation of digitalization strategy
  • HaCon to be managed as separate legal entity and wholly-owned subsidiary of Siemens AG in the Mobility Division
  • Transaction still subject to approval by antitrust authorities, with closing planned for first half of calendar 2017

Siemens is planning to acquire HaCon, a company headquartered in Hanover, Germany. The two parties have agreed not to disclose financial details. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017.

HaCon is a leading international provider of planning, scheduling and information systems for public transportation, mobility and logistics. The company has been a successful player in the mobility business for 30 years. Trip planning software from HaCon is used in more than 25 countries and comprises the centerpiece of the travel information systems in operation at more than 100 transport companies and associations.

“The acquisition of HaCon will enable us to enter a completely new business area that complements our current portfolio, expanding it to include timetable scheduling as well as trip planning by passengers,” said Jochen Eickholt, CEO of Siemens’ Mobility Division. “With this move, we’re rigorously implementing our digitalization strategy and opening up new growth opportunities for our company along our customers’ value chain,” he added.

“Together with a strong partner like Siemens AG, we’ll be even better equipped to drive the mobility software business, particularly in the global market,” said Michael Frankenberg, CEO of HaCon.

Siemens is already a leading rail automation provider, offering systems up to and including complete driverless operation. A leader in road mobility solutions as well, Siemens plans to expand its intermodal digital offerings with the acquisition of HaCon. Together with HaCon, Siemens will be able to serve rail infrastructure operators and public transportation companies as a single-source supplier of innovative software solutions for train and route planning, timetable information systems, cutting-edge payment systems and intermodal mobility platforms. In addition, apps for use on passengers’ mobile devices will enhance trip planning, transparency and thus acceptance.

Further information on the Mobility Division is available at www.siemens.com/mobility


Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Risks in the Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

Press Release

Groupe Renault has acquired PVI, a specialist in the electrification of Light Commercial Vehicles

• With the acquisition of PVI, which specialises in the conversion of commercial vehicles to natural gas or electricity, Renault will be able to step up the implementation of new technologies, especially in the field of electric LCV conversions
• This acquisition is in line with the Group’s LCV growth strategy

Boulogne-Billancourt, February 6th, 2017 – Groupe Renault today announced the acquisition of French company PVI, short for Power Vehicle Innovation, with a view to accelerating the growth of its Light Commercial Vehicle business.

The assets of PVI, which boasts recognised expertise in the design and conversion of commercial vehicles running on natural gas or electricity, complement those of Renault. PVI’s expertise and small-scale, flexible production facility will benefit Renault, while Renault will provide economies of scale for the purchasing of components as well as a significant technology portfolio.

“We are very pleased to welcome PVI’s team specialising in electric conversions to Groupe Renault,” says Ashwani Gupta, SVP, LCV Division. “This acquisition is part of the Group’s strategy to develop its business by proposing a complete range of electric LCVs coupled with connected services. As the number one European manufacturer of electric LCVs, this is a unique opportunity for our teams to work on the next generation of this type of car. Together we will continue to innovate to ensure increasing proximity with our business customers while addressing their every need.”

PVI has previously worked with Groupe Renault on the development and electrification of the upcoming Renault Master Z.E. This large van, which was unveiled at the Brussels Motor Show on January 13, 2017 and which is due to be launched before the end of 2017, will extend the Group’s existing range of electric LCVs. The catalogue currently features four products and is unmatched anywhere in the world.

2017 BRUSSELS MOTOR SHOW: RENAULT CONTINUES MOMENTUM IN ELECTRIC VEHICLES WITH MASTER ZE AND NEW KANGOO ZE

Through its Renault Pro+ brand, Renault is unveiling an extended custom offering in its zero-emission range at the Brussels Motor Show, with world première appearances for Master ZE and New Kangoo ZE. With these new arrivals, Renault fields a unique line-up of four electric light commercial vehicles……read more

This acquisition also includes Escal, a subsidiary in which PVI has a 95 percent stake. Escal specialises in the distribution, installation and maintenance of security systems for lifting vehicles. Escal itself manages PVI’s service, maintenance and mechanical integration activities. Both PVI and Escal, with a combined workforce of 93 employees, are attached to the Groupe Renault’s LCV Division.
About Groupe Renault

Groupe Renault has been making cars since 1898. Today it is an international multi-brand group, selling more than 2.8 million vehicles in 125 countries in 2015, with 36 manufacturing sites, 12,000 sales outlets and employing more than 120,000 people. To meet the major technological challenges of the future and continue its strategy of profitable growth, the Group is harnessing its international growth and the complementary fit of its three brands, Renault, Dacia and Renault Samsung Motors, together with electric vehicles and the unique Alliance with Nissan. With a new team in Formula 1 and a strong commitment to Formula E, Renault sees motorsport as a vector of innovation and brand awareness.

About Power Vehicle Innovation (PVI)

Power Vehicle Innovation or PVI is a French truck and bus manufacturer, based in Gretz-Armainvilliers near Paris, France, specialized in electric powertrains. PVI is a former subsidiary of Ponticelli Frères. Its current stockholders are the Marcel Dassault Industrial Group, the financial institution Centuria Capital and a business management holding company (Sovibus). PVI has been the first company in France to market Electric buses, like the Oréos 55E, which is used by the RATP on a touristic bus line in Paris, the Montmartrobus. More than half of the French electric buses in circulation in 2003 have been distributed by PVI.

Source: Groupe Renault press release