Friday, September 16, 2016

BVI start-up company announced acquisition of Swedish software provider

BVI-incorporated Luxoft Holding, Inc., providing software development services and IT solutions, has announced the acquisition of Pelagicore AB, a Swedish company providing open source software platforms and services for in-vehicle infotainment systems. Pelagicor has strong relationships with premium automotive OEMs, Tier-1s and silicon vendors. It is a co-founder of automotive specific Qt Automotive Suite, and its approach to system design is highly complementary to Luxoft's business model.

According to Luxoft Automotive Managing Director Georg Doll, this is a strategic acquisition for Luxoft, strengthening company's leadership in providing for IVI and HMI development needs for global automotive and Tier-1 manufacturers.

By words of Pelagicore CEO Alwin Bakkenes, company's clients are also to benefit from Luxoft's complementary expertise in design, instrument cluster, advanced driver assistance systems and autonomous driving, connectivity, and navigation technologies.