Renault reinforces its development in connected vehicles, with the planned acquisition of Intel's French embedded software R&D activity
24 May 2017 09:12
Boulogne-Billancourt, 24 May 2017 – Groupe Renault today announced the signature of a final agreement on acquisition of Intel’s French embedded software R&D activity based in Toulouse and Sophia-Antipolis, France.
With this acquisition, Groupe Renault will be bringing in a full spectrum of skills to reinforce developments in next-generation embedded vehicle software. This brings valuable experience in areas such as personalized services and remote, autonomous, realtime updates with no outside intervention.
“This acquisition is right in line with Groupe Renault’s strategy of offering new connected services and improving the experience of its customers. The Intel employees joining Renault hold highly relevant skills in what is a strong competitive technical field, where the Alliance is one of the world leaders. Groupe Renault thereby continues to support French innovation and economic development in France,” said Carlos Ghosn, Chairman and Chief Executive Officer of Renault.
Intel’s French R&D teams hold established software development expertise complementary to Renault’s. They’ll be bringing Renault expertise, advanced methods and tools, plus access to a sound network of suppliers, laboratories and partner companies. Some teams already have automotive-specific skills in multimedia and connectivity.
The acquisition operation will proceed by Groupe Renault purchasing a company formed by Intel to take in the embedded software R&D activity at the Toulouse and Sophia Antipolis sites in France. The new company will be attached to the Groupe Renault Alliance Systems Engineering Department.
Finalization of the acquisition is pending on the conditions normally applicable to this kind of operation, and should be completed by the second half of 2017.
About Groupe Renault
Renault has been making cars since 1898. Groupe Renault today is an international group that sold more than 3.2 million vehicles through 12,700 outlets in 127 countries in 2016. It employs more than 120,000 people and operates 36 manufacturing facilities worldwide. To address the major technological challenges of the future and pursue profitable growth, Renault has four primary focuses: international development; complementary coverage across its three brands (Renault, Dacia and Renault Samsung Motors); electric vehicles; and its unique alliance with Nissan. With its new Formula One team and front-line profile in Formula E, Renault practises motor sport as a powerful force behind innovation and brand recognition.
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