Vienna, Austria – April 11, 2019
With the acquisition of Barcelona-based software development company Silicon Gears, TTTech Auto strengthens its team for the rapidly growing automated driving business and promotes its international growth strategy. TTTech Auto is based in Vienna, Austria, and specializes in delivering safety software platforms for automated driving and beyond.
TTTech Auto is excited to extend its global footprint to Barcelona by acquiring its long-time development partner Silicon Gears. As Silicon Gears specializes in designing safe and reliable automated driving software solutions for original equipment manufacturers (OEMs) and Tier 1 suppliers, this acquisition is strengthening the position of TTTech Auto as a global leader in safety software solutions for automated driving.
“We warmly welcome the team of Silicon Gears to TTTech Auto,” said Harald Triplat, CFO of TTTech Auto. “Barcelona is arguably the best example of a smart city and therefore the perfect place for TTTech Auto and its endeavor to make automated driving a reality. As we have been working closely together with Silicon Gears on several strategic customer projects in the past, we are very excited to leverage the trusted and well-functioning collaboration to empower our customers with safety software solutions.”
The acquisition of Silicon Gears follows the ongoing success of TTTech Auto with the introduction of its flagship product MotionWise. MotionWise is TTTech Auto’s safety software platform capable of realizing level 2 to level 5 automated driving systems. MotionWise is designed to accelerate OEMs’ or Tier 1 suppliers’ automated driving projects. TTTech Auto is working with renowned car manufacturers such as Audi, BMW, and SAIC Motor and will continue expanding its customer base with new projects underway.
“Safety is the automotive industry’s most critical challenge,” explained Xavier Tisaire Ventura, founder and CEO of Silicon Gears. “Building upon TTTech Auto’s strong safety expertise and supporting the company with our team of highly skilled software developers specialized in automated driving, will give us the opportunity to tackle it”.
Silicon Gears is already familiar with the TTTech Auto organization, which will allow for a seamless integration of the company’s experienced software developers. The reinforcements for the developing team and their experience in the field of software integration and consulting will support TTTech Auto’s continuous growth. Silicon Gears has valuable agile software development experience, and a strong results-oriented, innovative and execution driven culture, which made it a perfect fit for TTTech Auto.
Silicon Gears is headquartered in Barcelona, Spain and currently employs 86 people, mostly senior developers specialized in the automotive field. Silicon Gears was established in 2016 and reached profitability in 2018.
About TTTech Auto
TTTech Auto provides solutions for the challenges of future vehicle generations. The company specializes in safe software and hardware platforms for automated driving and beyond, applicable in series production programs. With our leading technology solutions, we ensure safety and electronic robustness for a more automated world.
TTTech Auto operates under the umbrella of the TTTech Group, a technology leader in robust networking and safety controls, with cross-industry experience from more than 20 years of operation. The TTTech Group is headquartered in Vienna, Austria and also present in several locations in Europe, the United States and Asia.