Hitachi : Automotive Systems acquires German automotive device software developer seneos GmbH
April 16, 2020 at 03:16 am EDT
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Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
Tokyo, April 16, 2020 --- Hitachi Automotive Systems, Ltd., a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501, 'Hitachi'), today announced that the company completed the acquisition of all shares of seneos GmbH ('seneos') on April 15, 2020. Through this transaction, seneos, a German automotive device software developer, became a wholly owned subsidiary of Hitachi Automotive Systems.
Hitachi Automotive Systems supplies products and systems in growth areas such as electrification and is expanding its customer base of European automakers, growing sales of new products and solutions. seneos is a software development system engineering service company focused primarily on the automotive components sector and boasts an impressive track record in software applications and designs for mainly European automakers. Moving forward, Hitachi Automotive Systems can harness the software development capabilities that seneos has built in Europe, enhance the competitiveness of its products and systems, and further grow sales. seneos' software design and application development capabilities will be leveraged throughout its products and systems globally to enable a faster response to automaker needs and to accelerate development of advanced vehicle solutions with integrated control systems.
As modern automobiles become increasingly sophisticated with advanced features such as electrification, autonomous driving, and connectivity, the number of software applications used per vehicle has been increasing. Today, an automobile has 10 times or more lines of code than an airplane*. The acquisition of seneos will reinforce Hitachi Automotive Systems' front-end engineering capabilities to strengthen development of software for auto parts. The acquisition will also improve the Company's ability to develop complex software in accordance with local business needs, standardized software architectures, and software development processes.
*Source: NXP Semiconductors
Hitachi Automotive Systems will continue to offer solutions to societal issues through technological innovation by leveraging group synergies across powertrain, advanced chassis, autonomous driving and advanced driver assistance fields. The company will continue to contribute to realizing a sustainable society where people can live healthy, safe and comfortable lifestyles.
Outline of seneos GmbH
Name
seneos GmbH
Head Office
Cologne, Germany
Representative
CFO Heiko Berger, COO Klaus Fassbender, CSO Guido Renneberg
Outline of Business
System engineering services including automotive electrics/electronics design, process management and consulting, and embedded systems software development.
Founded
November, 2007
Total No. of Employees
64 people (as of April 15, 2020)
Outline of Hitachi Automotive Systems, Ltd.
Name
Hitachi Automotive Systems, Ltd.
Head Office
2-1, Otemachi 2-chome, Chiyoda-ku, Tokyo, Japan
Representative
President & CEO: Brice Koch
Outline of Business
Development, manufacture, sales and services of automotive components, transportation related components, industrial machines and systems, etc.
Founded
July 1, 2009
Capital
15 billion yen
Main Shareholders
Hitachi, Ltd. (100%)
Revenues
(Consolidated Basis)
(Fiscal Year ended March 2019)
971.0 billion yen
Total No. of Employees
(Consolidated Basis)
(As of March 31, 2019)
30,100
About Hitachi Automotive Systems, Ltd.
Hitachi Automotive Systems, Ltd. is a wholly owned subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan. The company is engaged in the development, manufacture, sales and services of automotive components, transportation related components, industrial machines and systems, and offers a wide range of automotive systems including Powertrain Systems, Chassis Systems and Advanced Driver Assistance Systems. For more information, please visit the company's website at http://www.hitachi-automotive.co.jp/en/.
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Hitachi Ltd. published this content on 16 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2020 07:15:11 UTC
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).