Daily Management Review

Following The ‘Biggest Industrial Software Acquisition’ Siemens’ Move To Strengthen Its ‘Automobile Business’


08/30/2017


Siemens to buy Tass International for an “undisclosed” amount.



Tass Internation is a specialist of “self-driving software”, which would be bought over by Siemens, as the “German industrial group” has shown its consent, although the agreed amount has not been disclosed yet. However the aim of this acquisition is to “strengthen its automotive business”.
 
The software made by Tass simulates “complex traffic scenarios, validate autonomous driving and advanced driver assistance systems and replicate the impact of a car crash on a human body”. The company’s has around two hundred employees and generates a turnover of around “27 million euros” in a year. Jan Mrosik, the C.E.O of “Siemens’ Digital Factory” Unit, said:
“Tass International is a proven leader in both integrated safety and autonomous driving, two fields of engineering that are increasingly important for the industry”.
 
Siemens plans on combining the software of Tass with its “own advanced simulation products” and also with its “electronic design capabilities from recently acquired Mentor Graphics” which was bought for a value of “$4.5 billion” sometimes “earlier” in the year, whereby marking the “biggest industrial software acquisition”.
 
 
References:
reuters.com







Science & Technology

Australian Research Success Could Mean Shatterproof Cell Phones Could Soon Be A Realityv

Top ten hi-tech events of the year

Tesla Considering Designing And Developing AI Chips On Its Own To Support Its Auto-Pilot Project

Verizon to introduce 5G in five American cities in 2018

Airbus, Rolls-Royce, Siemens to create an electric aircraft

Study Finds Treatment Efficacy Could Be Sacrificed For Reduced Side Effects In Cancer Therapies By Patients

Some Information About Their Self-Driving Car Research Has Been Disclosed By Apple Scientists For The First Time

A Massive Data Breach Was Covered Up By Uber By Paying Up Hackers

A City Is Can Be Converted To A Living Organism, Showcases China’s Huawei

Workers Would Be Helped To Lift More By These Robotic Vests

World Politics

World & Politics

Elections in Italy: the last chance of Eurosceptics?

15 countries with the highest level of organized crime

Athens agreed with international lenders

EU Pressure Reportedly Forces UK To Bow Down, Could Agree To Pay £50bn For Brexit Divorce

$1 Billion Is The Price For Freedom For Arrested Saudi Prince In Corruption Crackdown: Reports

U.S. Capital Washington Appears To Be In Range Of The Latest Missile Launched By North Korea

Ten biggest fears of millennials

Ireland Cancels The Need Of A Veto For Brexit Summit With Its Solidarity