A leading provider of ADAS, that is Advanced Driver-assistance Systems, Acsia Technologies has announced the acquisition of Arctictern which is a German Automotive startup. This move suggests the company’s aim to strengthen its position in the automotive technology market, which is rapidly increasing. This they are ensuring by expanding their product portfolio.
Founded in 2016, the company is a specialist in the development of software solutions in the automotive industry. Their main focus is on connected vehicles and their intelligent mobility. The company’s products include a range of software tools and platforms for vehicle-to-everything (V2X) communication, predictive maintenance, and real-time data analytics.
The acquisition of Arctictern is expected to enhance Acsia’s existing capabilities in ADAS and autonomous driving technologies, as well as strengthen its position in the rapidly growing market for connected vehicles. With Arctictern’s expertise in V2X communication, Acsia will be better positioned to develop new and innovative solutions for smart mobility and connected transportation.
According to Acsia CEO, Dr. Thomas Weber, “The acquisition of Arctictern is a strategic move that will enable us to expand our capabilities in key areas of automotive technology, including V2X communication and real-time data analytics. With Arctictern’s talented team of engineers and software developers, we are confident that we can continue to innovate and deliver cutting-edge solutions to our customers.”
The acquisition is also expected to provide Acsia with access to new customers and markets in Europe, where Arctictern has a strong presence. The German startup has developed partnerships with several leading automotive manufacturers and suppliers and has been recognized for its innovative software solutions in the automotive industry.
Commenting on the acquisition, Arctictern CEO, Dr. Tobias Meyer, stated, “We are thrilled to join forces with Acsia Technologies, a leader in the ADAS and automotive technology space. With Acsia’s deep industry expertise and global reach, we believe that we can accelerate our growth and deliver even greater value to our customers.”
Growth and investment in the automotive technology
The acquisition of Arctictern comes at a time of significant growth and investment in the automotive technology sector, as carmakers and suppliers race to develop new technologies for autonomous and connected vehicles. According to a recent report by McKinsey, the market for autonomous driving systems is expected to grow to $96 billion by 2025, while the market for connected car services is expected to reach $155 billion by 2022.
Acsia Technologies, which was founded in 2017, has quickly emerged as a leading player in the ADAS and autonomous driving market, with a focus on developing advanced sensor systems and software solutions for automated driving. The company has developed partnerships with several leading automakers and suppliers and has been recognized for its innovative technology by industry analysts and experts.
With the acquisition of Arctictern, Acsia is well positioned to capitalize on the growing demand for connected and autonomous vehicle technologies, and to continue to deliver innovative solutions to its customers. The combined expertise and resources of the two companies are expected to create a powerful force in the automotive technology market, with the potential to transform the way we think about transportation and mobility.
In conclusion, the acquisition of Arctictern by Acsia Technologies is a significant development in the rapidly evolving automotive technology market. The move is expected to enhance Acsia’s existing capabilities in ADAS and autonomous driving, as well as provide access to new customers and markets in Europe. With the growing demand for connected and autonomous vehicle technologies, Acsia is well-positioned to capitalize on the opportunities presented by the market and to continue to deliver cutting-edge solutions to its customers.