Schedule a Call Back
Uno Minda buys Germany’s iSYS RTS to strengthen presence in auto electronics
Industry News- Jul 17,18
With increasing electronic content in automotives, Minda Industries has identified electronic control modules as one of the major product line for growth and expansion
Gurugram; July 17, 2018
Minda Industries Limited, the flagship company of Uno Minda Group, has acquired the Germany-based iSYS RTS GmbH, a leading developer of embedded systems and software to global vehicle manufacturers. The agreement is expected to be completed by second quarter of FY18.
Headquartered in Munich, iSYS RTS offers engineering services and also manufacturers automotive electronic control units (ECUs). Areas of specialisation of iSYS RTS include ECUs for automotive body and comfort systems, Autosar ECUs, ECUs and software components for automotive lighting, interior lighting systems, electrical drive ECUs and development of HMI and infotainment applications.
With increasing electronic content per vehicle in the areas of body and comfort, automotive lighting and cockpit electronics, Minda Industries has identified electronic control modules as one of the major product line for growth and expansion. This acquisition provides Minda Industries access to iSYS RTS's technology and global customers. This will help Minda Industries expand its ECU offering and technology solutions in India and global markets.
This acquisition will provide iSVS RTS the necessary capital infusion to fuel its growth and also provide the solid backing of a large tier I like Minda Industries and enable it to take on larger programs and expand its product and customer base. ISVS RTS will also benefit from a solid manufacturing footprint of Minda Industries Ltd in an emerging country like India and also have access to Minda's engineering centres.
"As part of the Uno Minda Group and with access to the company's resources we can exploit our synergies beyond our core competencies. The synergies are expected to play out as we develop system solutions for automotive OEM's,” said Georg Hutter, CEO, iSVS RTS GmbH.
Upon close of the transaction, iSYS RTS will become subsidiary of Minda Industries Ltd and operate as an independent unit led by its existing management team, while benefiting from Minda Industries scale.
N K Minda, Chairman of Uno Minda Group, said, “iSYS RTS will be at the core of our controller business strategy, as we seek to improve footprints with customers in India and Europe. In addition, it will also help MIL offer high end cockpit electronics with premiumisation of vehicles."
Uno Minda
iSYS RTS
automotive electronics
Minda Industries
electronic control modules as one of the major product line for growth and expansion
N K Minda
Germany
cockpit electronics
Related Stories
Other Industrial Products
igus launches wear-resistant plain bearing range without PTFE
Material scientists have developed PTFE-free versions of the most popular iglidur plain bearing materials
Read morePolicy Regulation
Can Academia-Industry Ties Power India’s Manufacturing?
India's industrial sector has exhibited tremendous resilience and appetite for growth. However, the academia-industry collaboration will be crucial for India to become a worldwide manufacturing powe..
Read moreMaterial Handling Equipment
ZASCHE Handling Unveils Smart Handling System
Smart Handling BIG BIN Picking is a modular, vision-enabled system that blends ergonomic manual control with smart semi-automation
Read moreRelated Products
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
Electric Vehicle Charger
AUTO COMPONENTS & ACCESSORIES
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
