This post is also available in: German
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Purchase puts Continental a step ahead in intelligent transportation systems, specifically in the area of city data
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Continental reaffirms its commitment to Asia, both as a market and as a hotbed for high technology expertise
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120 employees of Quantum Inventions to be integrated into Continental
Singapore, July 7, 2017. A leading expert in vehicle systems and the digitalization of mobility, technology company Continental announced the closing of its acquisition of Singapore based mobility intelligence provider Quantum Inventions. Quantum Inventions will add to Continental’s growing intelligent transportation systems portfolio with its city data including next generation navigation systems that are highly responsive to real-time information such as traffic data, road incident information and dynamic road pricing. With the closing, Continental welcomes around 120 employees working across Quantum Inventions’ three offices in Singapore, Malaysia and Indonesia; and Quantum Inventions Development Centre (QIDC) in India into its fold.
Helmut Matschi, member of the Executive Board at Continental and head of the Interior division said, “Asia continues to play an ever increasing role in our strategy. Initiatives such as the Park & Go real time parking application for Singapore, our recent joint venture with China Unicom, strategic cooperation with Baidu, and now the purchase of Quantum Inventions underline our focus on developing mobility services solutions. We are excited to provide an expanded portfolio of customized solutions in the dynamic mobility services market.”
Ralf Lenninger, head of the Continental business unit Intelligent Transportation Systems said, “Continental plans to double its current sales with mobility services by 2020. This alliance brings Business Unit Intelligent Transportation Systems a step closer to its goal of creating products, systems and solutions, which, by 2025 will ensure 20 million better cars, better mobile lives for 25 million consumers and 20 better cities. I am delighted to welcome Quantum Inventions into the Continental family.”
Saurav Bhattacharyya, CEO of Quantum Inventions added, “We are proud to be a part of Continental. With our combined strengths in the area of intelligent transportation systems, we are poised to provide a strong value proposition to customers, both OEMs and Cities, around the world.”
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.
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transport. In 2016, Continental generated sales of €40.5 billion and currently employs more than 227,000 people in 56 countries.
Information management in and beyond the vehicle is at the very heart of the Interior division. The product portfolio for different types of vehicles includes: instrument clusters, multifunctional and head-up displays, control units, access control and tire-information systems, radios, infotainment systems, input devices, control panels, climate control units, software, cockpits as well as services and solutions for telematics and Intelligent Transportation Systems. The Interior division employs more than 43,000 people worldwide and generated sales of €8.3 billion in 2016.
Press contact
Eva Appold
Head of Communications ITS BU
Continental
Interior Division
Sodener Straße 9
65824 Schwalbach am Taunus
Phone: +49 6196 87-2593
Eva.Appold@continental-corporation.com
Susanne Einzinger
Vice President Communications
Continental
Interior Division
Siemensstraße 12
93055 Regensburg, Germany
Phone: +49 941 790-5669
Susanne.Einzinger@continental-corporation.com
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