Bosch acquires Five to lead automated driving software
Bosch has today announced its acquisition of Five, an automated driving technology start-up based in the UK, to accelerate development of self-driving cars.
Five employs 140 staff at six locations in the United Kingdom, working on the vision of safe, self-driving vehicles. The company gave preference to Bosch over two other takeover bidders, Bosch revealed in a statement announcing the acquisition.
“Automated driving is set to make road traffic safer. We want Five to give an extra boost to our work in software development for safe automated driving, and offer our customers European-made technology,” said Dr Markus Heyn, member of the Bosch board of management and chairman of the Mobility Solutions business sector.
Headquartered in Cambridge, Five is to be part of the Bosch Cross-Domain Computing Solutions division. Agreements with Five were signed at the beginning of April and financial details will not be disclosed, the companies said. The acquisition is still subject to approval by antitrust authorities.
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