French automobile manufacturer Groupe Renault has acquired Intel’s embedded software R&D activity based in Toulouse and Sophia-Antipolis, France, informed the company in an official statement released on May 24.
The new company will be attached to the Groupe Renault Alliance Systems Engineering Department.
With this acquisition, Groupe Renault will be bringing in a full spectrum of skills to reinforce developments in next-generation embedded vehicle software. Finalisation of the acquisition should be completed by the second half of 2017, added the automaker.
“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," said Carlos Ghosn, Chairman and Chief Executive Officer of Renault.
"Groupe Renault thereby continues to support French innovation and economic development in France,” added Ghosn.
Groupe Renault has sold over 3.2 million vehicles worldwide in 2016, claims the company.
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 alliance with Nissan.
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