Tuesday, January 14, 2020

Luxoft announces Joint Venture formation

BVI-registered Luxoft (DXC Technology Company) and LG Electronics announced that they will form an automotive joint venture to advance the deployment of production-ready digital cockpit, in-vehicle infotainment, rear-seat entertainment (RSE) and ride-hailing systems based on the webOS Auto platform. Luxoft will lead the deployment of webOS Auto platform in production-ready systems in automotive by contributing its global delivery network and its engineering at-scale delivery organization. It is expected that the joint venture will start operations in the first quarter of 2020. The transaction is subject to regulatory approval and other customary closing conditions.

webOS Auto is an open platform for collaboration and for shared and intelligent mobility, providing unique features and functionality, and incorporating all essential components to offer improved comfort and convenience to passengers and drivers.

Dmitry Loschinin, executive vice president, DXC Technology, and president and CEO, Luxoft, said in his comments: ”This new venture reinforces Luxoft’s capabilities in the design, development and deployment of large-scale digital cockpit and connected mobility solutions based on open platforms… The combined strengths of LG and Luxoft will create invaluable synergy to deploy webOS Auto, the platform for digital, consumer-grade experiences to automakers and their key partners.”