Acquisition gives boost to Bosch engineering work on SAE Level 4 solutions.
Bosch is to acquire Atlatec GmbH, a provider of high-resolution 3D maps for SAE Level 3 to 4 automated driving functions.
Based in Karlsruhe, Germany, Atlatec is to become part of the Bosch Cross-Domain Computing Solutions division as an independently operated company. Bosch and Atlatec have now signed agreements to this effect.
Atlatec was spun off from the Karlsruhe Institute of Technology in 2014 and employs around 25 people in Germany, Japan, and the United States.
“The planned acquisition of Atlatec further expands our expertise in the field of high-resolution digital maps and makes us even more diversified. It makes Bosch the only company that can offer its customers all the necessary building blocks of automated driving – from actuators and sensors to software and maps – from a single source. We are thus consistently expanding our strong position in this area,” says Dr. Mathias Pillin, president of the Cross-Domain Computing Solutions division.
“In Bosch, we have found the right partner for us as we take the next step in expanding our digital mapping expertise even further,” says Dr. Henning Lategahn, CEO of Atlatec GmbH.
The acquisition price was not disclosed and the acquisition is subject to approval by the antitrust authorities.