Continental has announced that it has completed the acquisition of Quantum Inventions, a Singapore-based mobility intelligence provider. Quantum Inventions will add to Continental’s intelligent transportation systems portfolio, especially with its city data including next-generation navigation systems that are highly-responsive to real-time information, the company noted. This real-time information includes traffic data, road incident information and dynamic road pricing. Continental said that about 120 employees of Quantum Inventions across various locations will be integrated into its teams.
Helmut Matschi, Member, Executive Board and Head, Interior Division, Continental, said Asia continues to play an ever-increasing role in the company’s strategy. Initiatives like ‘Park & Go’ real-time parking application for Singapore, joint venture with China Unicom, strategic cooperation with Baidu, and purchase of Quantum Inventions underline Continental’s focus on developing mobility services solutions, he added.
The company plans to double its current sales with mobility services by 2020, noted Ralf Lenninger, Head, Intelligent Transportation Systems business unit, Continental. This alliance takes the Intelligent Transportation Systems division closer to its goal of creating products, systems and solutions that ensure 20 mn better cars, better mobile lives for 25 mn consumers and 20 better cities by 2025.
Saurav Bhattacharyya, CEO, Quantum Inventions, observed that with combined strengths in the area of intelligent transportation systems, the company is poised to provide a strong value proposition to customers, both OEMs and Cities.
Quantum’s solutions are based on its proprietary state-of-the-art data technology platform which provides connected navigation, traffic and transportation intelligence, high-speed dynamic routing computation algorithms, and real-time probe data processing and analysis. The company has three business lines – Automotive, Telematics and Intelligent Mobility.