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FCA’s Magneti Marelli agrees to acquire SmartMeUp

ABR Staff Writer Published 02 August 2018

Magneti Marelli, part of Fiat Chrysler Automobiles (FCA), has signed an agreement to acquire French company SmartMeUp, which is focused on the development of perception software for autonomous driving.

The acquisition is expected to close in the last quarter of this year.

Italy-based Magneti Marelli designs and manufactures advanced systems and components for the automotive industry.

SmartMeUp develops software that processes sensors’ signals, identify and recognize objects around the vehicle, enabling 3D environment building and object movement tracking.Magneti Marelli said such software plays an important role in autonomous vehicles.

 Apart from autonomous driving, the perception software is also aimed at smart cities and safety technology applications.

SmartMeUp’s software uses low computing power and generates less heat, allowing it to be rolled out in large scale for embedded automotive applications. SmartMeUp also focuses on the development of software for Driver Monitoring, which is included in the NCAP requirements roadmap and is anticipated to be mandatory by 2020.

A group of scientists and engineers, with proven capabilities in the autonomous field, will now join Magneti Marelli.

Magneti Marelli CEO Pietro Gorlier said: “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.”

The development of the smart corner concept, which integrates sensors into the vehicle lights, was the initial step of Magneti Marelli’s strategy for autonomous driving.

Magneti Marelli has also invested in solid-state LiDAR expert LeddarTech, for the joint development of LiDAR systems. The company is internally developing automotive grade cameras and electronic control units for sensor fusion.

Magneti Marelli has 85 production units, 15 R&D centers in 20 countries. The company, which employs about 43,000 people, had a turnover of €7.9bn in 2016.

Image: Magneti Marelli designs and manufactures advanced systems and components for the automotive industry. Photo: Courtesy of Magneti Marelli S.p.A.