Magneti Marelli Signs Agreement To Acquire French Company SmartMeUp

Magneti Marelli Signs Agreement To Acquire French Company SmartMeUp

The company is focused on developing “perception software,” a key enabler for autonomous driving according to Magnet Marelli. 

 

Magneti Marelli has announced the signing of an agreement for the acquisition of 100 percent of SmartMeUp, a French start-up operating in the field of “perception software” aimed at autonomous driving, smart cities and safety technology applications. Closing is expected to take place in the last quarter of 2018.

In particular SmartMeUp develops software for processing sensor’s signals, detecting and recognizing objects around the vehicle, allowing 3-D environment building and object movement tracking. This type of software will be a key enabler for autonomous vehicles, according to Magneti Marelli.

The differentiating feature of SmartMeUp’s software is that it requires low computing power and generates low heat, making it possible to be rolled out on a large scale for embedded automotive applications, according to the company. SmartMeUp also focuses on developing software for “Driver Monitoring,” which is included in the NCAP requirements roadmap, expected to be mandatory by 2020. The acquisition brings with it a group of highly skilled scientists and engineers, with proven capabilities in the field.

“The acquisition of SmartMeUp, combined with the investment in LiDAR expert LeddarTech and the long established lighting and electronics capabilities, strengthens Magneti Marelli’s contribution to autonomous driving development with focus on the sensing and perception components of the architecture,” said Pietro Gorlier, CEO of Magneti Marelli.

The first step of the company’s strategy for autonomous driving was the development of the “Smart Corner” concept, which integrates sensors into the vehicle lights, and the investment in solid-state LiDAR expert LeddarTech, for the joint development of LiDAR systems. In addition, Magneti Marelli is internally developing automotive grade cameras and electronic control units for sensor fusion.

You May Also Like

REE Unveils Next-Gen Electric Commercial Vehicle Platform

The new software-driven stripped chassis allows OEMs and fleet owners to upgrade their current platform to a full by-wire chassis, REE said.

REE-Unveils-Next-Gen-Electric-Commercial-Vehicle-Platform

REE Automotive Ltd., automotive technology company and provider of full by-wire electric trucks and platforms, revealed the next generation of its P7-S stripped chassis at ACT Expo in Las Vegas. The P7-S is on display for fleets and OEMs in REE’s booth #3723. The class 5 chassis was created in collaboration with a leading delivery fleet, designed to increase delivery efficiencies and improve fleet management, according to REE. Customer delivery of the first next-gen P7-S demo will take place in June 2024.

China Business: US Tariffs and EU Challenges

Harris discusses whether China is becoming a riskier country in which to do business, or to do business with, among other topics.

China-Business-US-Tariffs-and-EU-Challenges
REE’s P7-C Trucks Approved for MOR-EV Incentive

Massachusetts MOR-EV incentive offers up to $70,000 in savings on REE P7-C electric truck for fleets.

electric truck
Asahi Kasei Announces Future L-I Battery Separator Plant

The lithium-ion battery separator plant will be constructed in Port Colborne, in the Niagara region of Ontario, Canada.

Asahi-Kasei-Announces-Future-L-I-Battery-Separator-Plant
ENNOVI Achieves EcoVadis Platinum Sustainability Rating

Earning the Platinum Medal for the fourth year ranks ENNOVI in the top 1% of companies for sustainability in 2023.

ENNOVI-Achieves-EcoVadis-Platinum-Sustainability-Rating

Other Posts

DMA’s SenSen Launches New Speedy Strut CSAs

Speedy Strut Complete Strut Assemblies come with a limited lifetime warranty and use OE grade components for its coil springs and premium-grade bearing strut mounts, DMA said.

DMA’s SenSen Launches NEW Speedy Strut CSAs
Lumileds to Sell Lamps/Accessories Business to First Brands Group

Lumileds’ automotive lamps factories in China, Germany and Poland are included in the acquisition.

Lumileds-to-Sell-Lamps-Accessories-Business-to-First-Brands-Group
TERREPOWER Donates Solar Panels to Brighten Haiti

TERREPOWER’s commitment to donating more than 4,900 solar panels will help ensure that Brighten Haiti can achieve its goal of modernizing Haiti’s education system.

TERREPOWER-Donates-Solar-Panels-to-Brighten-Haiti
Rematec Updates Floor Plan for Amsterdam 2025

The event will highlight innovation and sustainability in the automotive aftermarket, focusing on connected vehicles and remanufacturing advancements.

Remantec-Amsterdam-education