Audi and Valtech form joint venture to develop digital solutions for connected cars
Munich, Germany, [September 24, 2018]— AUDI AG, a leading manufacturer of premium automobiles, and Valtech GmbH, a digital transformation services provider, today announce the formation of a new joint venture. The company will develop digital solutions for multiple aspects of connected cars.
The company, headquartered in Munich and called Valtech Mobility GmbH, will focus on optimizing the technology in automobiles, software architecture and digital experience design. The aim is to build connectivity and connected services for the car of the future and extending Audi’s leadership in automotive innovation.
“Digital innovation and mobility are unlocking remarkable possibilities for automotive makers as they seek to enhance drivers’ experiences and become more integrated with the connected world,” said Sebastian Lombardo, chairman and CEO of Valtech. “We are excited to partner with Audi as they embrace this digital transformation and delight drivers with new experiences and technologies.”
“Digital transformation and connectivity are of crucial importance to the mobility of the future,” stated Dr. Thomas M. Müller, Head of Electric/Electronics and CarIT at Audi. “By establishing this joint venture, we are sustainably expanding our partner network and strengthening our competence in agile software development.”
The result of this partnership is the creation of intuitive, innovative digital solutions that offer clear additional value through careful, deliberate design from user interaction to vehicle integration. Big Data, E-mobility, Autonomous Driving and Connected Platforms will be core fields, which will yield original products, services and digital business models in the area of mobility.
The partners of Valtech Mobility GmbH are Valtech GmbH and Audi Electronics Venture, a subsidiary of AUDI AG. Management of the joint venture will consist of Andreas Peters, Head of Automotive Division at Valtech, and Peter Ivanov, currently in an executive position at the vehicle IT division of AUDI AG supported by an advisory board lead by Olivier Padiou, Valtech Group COO and Valtech Mobility chairman.
“Design and implementation come from a single source – from user interaction to vehicle integration,” Peters added. “These are the essential conditions that offer consumers a memorable and distinctive automotive experience.”
“With electric mobility and autonomous driving, connectivity has become a core component of the automobile,” Ivanov explained. “Value chains are shifting in the automotive industry, requiring new integrated models of cooperation between technology providers and car manufacturers.”
AUDI AG and Valtech first partnered in the area of vehicle connectivity in 2009. With the newly established joint venture the successful partnership will be expanded in the coming years. Valtech Mobility is set to develop further services and digital business models in the area of mobility. Roughly 200 employees are slated to work at the Valtech Mobility GmbH headquarters in Munich and additional locations in Dusseldorf, Frankfurt, Dresden, Ingolstadt and Braunschweig.
About AUDI AG:
The Audi Group, with its brands Audi, Ducati and Lamborghini, is one of the most successful manufacturers of automobiles and motorcycles in the premium segment. It is present in more than 100 markets worldwide and produces at 16 locations in twelve countries. 100 percent subsidiaries of AUDI AG includeAudi Sport GmbH (Neckarsulm), Automobili Lamborghini S.p.A. (Sant’Agata Bolognese, Italy) and Ducati Motor Holding S.p.A. (Bologna, Italy).
In 2017, the Audi Group delivered to costumers about 1.878 million automobiles of the Audi brand, 3,815 sports cars of the Lamborghini brand and 55,900 motorcycles of the Ducati brand. In 2017 fiscal year, AUDI AG archieved total revenue of €60.1 billion and an operative profit of €5.1 billion. At present, approximately 90,000 people work for the company all over the world, more than 60,000 of them in Germany. Audi focuses on sustainable products and technologies for the future of mobility.
Press contact: Lena Bösch, phone: +49 841 89-44038, [email protected]
Valtech is a global digital agency focused on business transformation and innovation. We are revolutionizing how our clients connect with their consumers, closing the experience gap and orchestrating omni-channel customer journeys. We are innovators, design thinkers, marketers, creatives and developers spanning 5 continents with offices in 16 countries (France, USA, UK, Canada, China, Germany, Netherlands, Sweden, Switzerland, Denmark, India, Australia, Singapore, Argentina, Brazil, Ukraine).
While our expertise is in technology, marketing and experience design, our passion is in addressing transformational business challenges for our clients. With a strong belief that differentiation comes from orchestrating seamless experiences around the customer, we close this gap by redesigning the customer journey and implementing the right, fully connected solution.
With a renowned commitment to innovation and agility, Valtech creates unprecedented success for our Global 500 clients while optimizing time-to-market and return on investment. For more information, visit www.valtech.com.
Valtech. Where Experiences are Engineered.