Continental has acquired Singapore-based mobility intelligence provider Quantum Inventions, to further the German automotive technology group’s capabilities in intelligent transportation systems (ITS), specifically in the area of city data.
Quantum Inventions will add to Continental’s growing ITS 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 of the deal, Continental welcomes around 120 employees working across Quantum’s three offices in Singapore, Malaysia and Indonesia, as well as the Quantum Inventions Development Centre (QIDC) in India.
Quantum’s systems 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 sees the purchase as a reaffirmation of its commitment to Asia, both as a market and as a hotbed for high technology expertise.
“Asia continues to play an ever increasing role in our strategy,” explained Helmut Matschi, Continental board member and head of the interiors division. “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 Continental’s Intelligent Transportation Systems business unit, said, “We plan to double our current sales with mobility services by 2020. This alliance brings our Intelligent Transportation Systems Business Unit 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.”