This marks the automotive department of Luxoft’s third acquisition, following the establishment of partnerships with Pelagicore and Symptavision in 2016.
The acquisition was sealed with an aim on the part of Luxoft to meet the growing demand of its Autonomous Drive and Connected Mobility practices.
The IP-based services of new partners Objective Software that Luxoft will acquire include a tele-operated driving platform, a Lidar-based automated parking scanner and cloud-based autonomous car-sharing.
>Read more on preparing for an autonomous vehicle future
Furthermore, the acquisition will allow Luxoft to increase its presence in Munich, expanding the firm’s software development services for highly automated driving, as well as expanding the reach of Objective Software’s OEM services.
Munich is just one of 42 cities around the world that Luxoft operates in.
Dmitry Loschinin, President and CEO of Luxoft, said: “This acquisition reinforces the strong foundation on which our automotive practice has grown in recent years and future-proofs our capabilities.”
“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.”
>Read more on the OEM market
Furthermore, Clemens Dannheim, co-CEO of Objective, said that “there is huge potential for Luxoft to grow Objective’s solutions to benefit new and existing customers”.
“Both the company’s culture and like-minded approach to building advanced automotive solutions make for a well matched acquisition.”
“With advanced connected mobility services and autonomous cars already on our streets, we wanted to take this opportunity to scale our business and effect the changes revolutionising the automotive industry on a global scale.”