Bosch to acquire Five.

Bosch, a German multinational engineering and technology company, agreed to acquire Five, a developer of an autonomous vehicle software. Financial terms were not disclosed. “Scale matters in building automated driving technology. Bosch is a global leader in driving assistance technologies, with core technologies and vast data lakes that will be essential in bringing safe self-driving systems to market. We’re excited for Five to become part of Europe’s most powerful SAE Level 4 player and to be a part of Bosch’s future success,” Stan Boland, Five CEO.