Announced
Completed
Financials
Tags
Germany
Private
AI mobility
Acquisition
Friendly
Software
automotive software
Single Bidder
Majority
Completed
Cross Border
Synopsis
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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