Audi through its subsidiary AEV – Audi Electronics Venture GmbH has acquired a stake in Cubic Telecom. The newly established partnership aims to develop connectivity solutions for future Audi-branded models. The acquisition of a “strategic minority interest” in the Irish-based mobile telephony provider will ease the process of working on infotainment solutions and the related technology.
For those who are unfamiliar with AEV, it has been working on technologies for Audi cars since October 2001 and it’s a 100% subsidiary of Audi AG focusing on new functions and software. As for Cubic Telecom, it’s based in Dublin and is a leading provider of the cloud-based M2M platform. Over the years they have developed unique software applications, robust real-time billing/rating engine as well as a cloud-based management platform.
AEV’s chief Peter Steiner says the “Audi and Cubic Telecom are strong development partners of connected infotainment solutions and intend to connect the models of the Audi brand even better with its environment and the internet in the future.” Cubic Telecom’s CEO Barry Napier declared this week “The automotive industry is changing faster than ever, and connectivity in the car is at the heart of it. With this partnership Cubic and Audi will work together on a wide range of future connectivity applications.