M&A: Luxoft to acquire AI mobility systems developer CMORE Automotive
CMORE works as strategic autonomous drive development partner serving several Germany-based automakers and their suppliers
Luxoft has reached an agreement to acquire CMORE Automotive, a Germany-based company specializing in the development and validation of artificial intelligence (AI)-driven mobility systems, DXC Technology, the parent company of Luxoft, said in a press release on 5 March. CMORE operates a network of advanced driver assistance systems (ADAS) testing facilities in Lindau, Gutmadingen, Böblingen, and Eschbor, Germany, offering its customers vehicle prototyping and system testing of vehicle active safety features, including those of self-driving cars. The company works as a strategic autonomous drive development partner, serving several Germany-based automakers and their suppliers.