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Announced

Completed

DXC-backed Luxoft completed the acquisition of CMORE Automotive.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

Private

AI mobility

Acquisition

Friendly

Software

automotive software

Single Bidder

Majority

Completed

Cross Border

Synopsis

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DXC-backed Luxoft, a digital strategy and software engineering firm, completed its acquisition of CMORE Automotive, a strategic autonomous drive development company. Financial terms were not disclosed. “CMORE Automotive’s highly competitive capabilities and services portfolio, along with their development toolchain for autonomous drive, will strengthen Luxoft’s capabilities in data-driven development and validation of AD/ADAS for Level 3 to Level 5 autonomous functions,” said Dmitry Loschinin, DXC Executive Vice President, and Luxoft President and CEO.

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