German automotive manufacturing, vehicle and digital transportation company, Continental, has acquired Quantum Inventions, the Singapore-based spin-off company from the Centre for High Performance Embedded Systems that provides mobility intelligence, for an undisclosed amount. According to Quantum this deal is the largest mobility intelligence and telematics transaction in South East Asia this year.
Continental specializes in tyres, brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, as well as intelligent systems for transport companies. Quantum on the other hand has an integrated suite of mobility applications, enterprise logistics and analytics platforms that caters to individual consumers, corporate institutions and governments.
Upon closing of the deal, Quantum Inventions will add to Continental’s growing intelligent transportation systems portfolio with its city data including next generation navigation systems that are highly responsive to real-time information such as traffic data, road incident information and dynamic road pricing.
About 120 employees working in Quantum’s three offices in Singapore, Malaysia, Indonesia and its development center in India will be joining the German automotive giant. However, Quantum Inventions will remain operationally independent and help Continental further expand into Asia.
“Asia continues to play an ever increasing role in our strategy. Initiatives such as the Park & Go real time parking application for Singapore, our recent joint venture with China Unicom, strategic cooperation with Baidu, and now the purchase of Quantum Inventions underline our focus on developing mobility services solutions. We are excited to provide an expanded portfolio of customized solutions in the dynamic mobility services market,” said Helmut Matschi, Executive Board Member and Head, Interior Division, Continental.
The company claims that information management is at the core of Continental’s Interior division. The product portfolio for different types of vehicles includes: instrument clusters, multifunctional and head-up displays, control units, access control and tire-information systems, radios, infotainment systems, input devices, control panels, climate control units, software, cockpits as well as services and solutions for telematics and Intelligent Transportation Systems.
“We are proud to be a part of Continental. With our combined strengths in the area of intelligent transportation systems, we are poised to provide a strong value proposition to customers, both OEMs and Cities, around the world,” said Saurav Bhattacharyya, CEO, Quantum Inventions.
Quantum’s solutions are based on its proprietary data technology platform which provides connected navigation, traffic and transportation intelligence, high-speed dynamic routing computation algorithms, and real-time probe data processing and analysis. The company has three business lines; Automotive, Telematics and Intelligent Mobility.
Ralf Lenninger, Head, Business Unit Intelligent Transportation Systems, Continental said, “Continental plans to double its current sales with mobility services by 2020. This alliance brings Business Unit Intelligent Transportation Systems a step closer to its goal of creating products, systems and solutions which, by 2025 will ensure 20 million better cars, better mobile lives for 25 million consumers and 20 better cities.”