Continental Acquires Singapore Based Mobility Intelligence Provider Quantum Inventions
Singapore, July 7, 2017. A leading accomplished in vehicle systems and the digitalization of mobility, technology company Continental announced the closing of its acquisition of Singapore based mobility intelligence provider Quantum Inventions. Quantum Inventions will add to Continental’s growing intelligent transportation systems portfolio with its city data including next generation navigation systems that are very responsive to real-time information such as traffic data, road incident information and dynamic road pricing. With the closing, Continental welcomes around one hundred twenty employees working across Quantum Inventions’ three offices in Singapore, Malaysia and Indonesia; and Quantum Inventions Development Centre (QIDC) in India into its fold.
Helmut Matschi, member of the Executive Board at Continental and head of the Interior division said, “Asia proceeds to play an ever enhancing role in our strategy. Initiatives such as the Park & Go real time parking application for Singapore, our latest joint venture with China Unicom, strategic cooperation with Baidu, and now the purchase of Quantum Inventions underline our concentrate 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 the Continental business unit Intelligent Transportation Systems said, “Continental plans to dual its current sales with mobility services by 2020. This alliance brings Business Unit Intelligent Transportation Systems a step closer to its aim of creating products, systems and solutions which, by two thousand twenty five will ensure twenty million better cars, better mobile lives for twenty five million consumers and twenty 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.”
Quantum’s solutions 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.