CMORE Automotive has been sold to Luxoft, a DXC Technology Company
Headquartered in Lindau, Germany, CMORE Automotive is an independent services provider dedicated to the development and validation of AI-driven mobility systems, serving German premium OEMs and their largest Tier 1 suppliers in the automotive industry. The company provides a full development tool chain for autonomous driving capabilities (software, data and underlying hardware) around sensors for autonomous driving (radar, camera, LiDAR, etc.). Based on CMORE’s test & validation solutions it has developed a highly specialized data-management software platform which enables R&D departments to effectively manage sensor data.
By teaming up with Luxoft, CMORE will strengthen Luxoft’s capabilities in data-driven development and validation of AD/ADAS for Level 3 to Level 5 autonomous functions. The combined client base, which is increasingly demanding shorter autonomous drive (AD) software engineering cycles, will benefit from end-to-end AI-driven development and validation of AD/ADAS at scale.
About Luxoft
Luxoft, a DXC Technology Company (NYSE: DXC), is a digital strategy and software engineering firm providing bespoke technology solutions that drive business change for customers the world over. Luxoft uses technology to enable business transformation, enhance customer experiences and boost operational efficiency through its strategy, consulting and engineering services. Luxoft, specializes in the automotive, financial services, travel and hospitality, healthcare, life sciences, media and telecommunications sectors.
Lincoln International acted as the exclusive financial advisor to the shareholders of CMORE Automotive, working closely with the management team throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction. The terms of the transaction were not disclosed.
The Lincoln team provided invaluable support and guidance while confidently maneuvering throughout all process phases, going above and beyond what we could have expected from our M&A advisor. It was a pleasure to work with the team at Lincoln.
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