Luxoft Acquires Objective Software GmbH (HITS)
IT service provider Luxoft Aug. 7 announced it’s acquired Objective Software GmbH, a software development services and IP solutions firm that creates autonomous vehicle, mobility and smart city applications.
The acquisition adds to Luxoft’s Autonomous Drive and Connected Mobility division, giving the company a wide range of IP-based solutions developed by Objective, including cloud-based autonomous car-sharing, a tele-operated driving platform, automotive cybersecurity solutions and more.
“This acquisition reinforces the strong foundation on which our automotive practice has grown in recent years and future-proofs our capabilities,” said Dmitry Loschinin, president and CEO of Luxoft. “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.”
Clemens Dannheim, the co-CEO of Objective, added: “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 revolutionizing the automotive industry on a global scale.”