Expanding its competence in connectivity solutions, the Esslingen (Germany) based automotive supplier Eberspaecher has acquired 20 per cent stake in PACE Telematics GmbH which will enable the company to expand cloud-based mobility services for their products. The three founders of the company will continue their management roles as co-partners.
“We are convinced that data-based services form a core element of the mobility of tomorrow and believe strongly in this young company. In addition, the extensive know-how of the start-up in the Internet of Things opens up new possibilities for our products,” explained Heinrich Baumann, Managing Partner, Eberspaecher.
In future, cloud-based mobility solutions of Karlsruhe-based PACE will enable networking between Eberspaecher products themselves as well as with other functions within the vehicle. Baumann added, “We want to improve the user experience for our customers. They will be effectively air-conditioned and informed and can simply and conveniently control many functions through one app.”
Dr Martin Kern, Founder and Managing Director of PACE Telematics, said, “We are very happy to have gained a strong partner in Eberspaecher. We expect many synergies, especially in the area of our B2B business. Our companies are very similar in that we both work as independent, neutral partners to the automobile OEMs and aftermarket industries.”
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