Bosch buys the British startup Five and bets on automated drivingThe German auto parts and technology company announced the purchase of Five, a British automated driving startup, although it did not disclose the amount of the transaction.

ByEntrepreneur Staff

本文从我们的翻译Spanish edition.

Five.ai

German auto parts and technology company,Bosch, acquires Cambridge-based startup,Five,巩固its position in the automated driving and software market. Although the amount for which the purchase was made has not been revealed.

Within Bosch, the startup will strengthen the company's agile project structure for the development of autonomous vehicles through a merger of the software of both teams to achieve a single solution, for which it will form part of the 'Cross-Domain' division Bosch Computing Solutions.

In the statement announcing the transaction,Markus Heyn, a member of Bosch's board of directors, said the company wants Five to "give additional impetus to our work in developing software for safe automated driving and offer our customers European manufacturing technology.

In addition, it was reported that Five "preferred Bosch over other takeover bidders", which it did not identify, and that the deal was signed in early April.

The deal is still subject to approval by antitrust authorities. Well, it should be noted that Bosch recently acquired the companyAtlatec, which designs high-definition maps for autonomous cars, and simulation. With this, the German company becomes the only company that can offer its customers all the necessary components for automated driving: from the actuators, sensors, and maps to the software and the engineering environment.

Five is currently focused on a cloud-based development and testing platform for software used in self-driving cars. The tech startup employs 140 people across six locations in the UK.

Entrepreneur Staff

Entrepreneur Staff

Editor

Editor's Pick

Related Topics

Living

5 Habits That Build Mental Strength

Real estate investor Cole Hatter shares the ways he developed fortitude on the most recent episode of The Jeff Fenster show.

Growing a Business

Free Webinar | October 24: Grow Your Local Business With These Low-Cost Marketing Tricks

Whether you're a small business owner, marketer, or entrepreneur, our exclusive webinar will equip you with the tools to connect with your community, boost engagement, and drive revenue. Register now →

领导

A Guide to Effective Crisis Leadership — Key Steps to Lead Your Team Through Turbulent Times

The essential strategies and skills required to be a successful crisis leader and guide your organization through difficult times.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

Devices

Get This 4-in-1 USB-C Charger for Apple Devices for $19.99

Get this useful, lightweight charger for a great price (regularly $29).