Siemens buys self-driving software specialist Tass

Tass makes software that can simulate complex traffic scenarios, validate autonomous driving

Photo: Reuters
<b>Photo: Reuters</b>
Reuters Frankfurt
Last Updated : Aug 30 2017 | 10:38 PM IST

German industrial group Siemens has agreed to buy Dutch self-driving software specialist Tass International for an undisclosed sum to strengthen its automotive business, it said on Wednesday.

Tass makes software that can simulate complex traffic scenarios, validate autonomous driving and advanced driver assistance systems and replicate the impact of a car crash on a human body.

It has annual turnover of around 27 million euros ($32.3 million) and around 200 employees.

"Tass International is a proven leader in both integrated safety and autonomous driving, two fields of engineering that are increasingly important for the industry," Siemens' Digital Factory unit Chief Executive Jan Mrosik said in a statement.

Siemens said it would combine Tass's software with its own advanced simulation products as well as electronic design capabilities from recently acquired Mentor Graphics.

Siemens bought Mentor Graphics for $4.5 billion earlier this year. It was its biggest industrial software acquisition.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 30 2017 | 10:38 PM IST

Next Story