According to GPSworld, u‑blox has acquired full ownership of Sapcorda Services GmbH, a joint venture formed by u‑blox, Bosch, Geo++ and Mitsubishi Electric in 2017.
Sapcorda provides advanced GNSS augmentation services for the high-precision GNSS mass market. The company has designed its technology and service offerings to serve high-volume automotive, industrial and consumer markets. The joint venture was formed by the four companies to bring scalable, affordable and high-quality GNSS positioning solutions to industrial, automotive and consumer applications.
“We appreciate the support and cooperation of all the joint venture shareholders. As a part of u‑blox, I see enormous potential for our technology,” said Botho Graf zu Eulenburg, CEO of Sapcorda.
The report point out that the acquisition of Sapcorda expands u‑blox’s suite of location services complementing its existing data services, including its assistance data and communication service offerings. Sapcorda has focused on establishing a platform from which to bring GNSS augmentation services to the mass market by delivering on robustness, reliability and end-to-end security as it relates to performance.
“The acquisition of Sapcorda reinforces our position as a leader driving innovation in the most advanced areas of GNSS positioning technology,” said Thomas Seiler, CEO of u‑blox. “It represents another step forward in the execution of our strategy, which is to deliver value to our customers by means of a comprehensive ‘silicon-to-cloud’ set of solutions and offerings.”
