Add-on Acquisition • Information Technology

Luxoft Holding Acquires CMORE Automotive

On March 5, 2020, Luxoft Holding acquired information technology company CMORE Automotive

Acquisition Context

This is Luxoft Holding’s 7th transaction in the Information Technology sector.
This is Luxoft Holding’s 3rd transaction in Germany.

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M&A Deal Summary
Date	March 5, 2020
Target	CMORE Automotive
Sector	Information Technology
Buyer(s)	Luxoft Holding
Deal Type	Add-on Acquisition

Target Company

CMORE Automotive

Friedrichshafen, Germany

CMORE Automotive is an independent and strategical development partner for the automotive industry worldwide, focusing on solving the challenges of autonomous driving, connectivity, and electromobility. The company aims to enable the realization of AI-driven mobility systems faster, in a more straightforward and cost-effective fashion, by means of a perfectly integrated and completely automated platform for autonomous driving, covering all development phases up to series production and beyond. CMORE Automotive was founded in 2011 and is based in Friedrichshafen, Germany.

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Buyer Overview 1

Buyer

Luxoft Holding

Zug, Switzerland

Category	Company
Founded	2000
Sector	Information Technology
Employees	12,897
Revenue	907M USD (2018)

DESCRIPTION

Luxoft Holding, Inc. is a provider of software development services and innovative IT solutions to global clients. Luxoft Holding was founded in 2000 and is based in Zug, Switzerland.

Deal Context for Buyer	#
Overall	13 of 13
Sector: Information Technology	7 of 7
Type: Add-on Acquisition	12 of 12
Country: Germany	3 of 3
Year: 2020	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-08-07	Objective Software Munich, Germany Objective Software GmbH is a provider of software development services and IP based solutions for autonomous vehicles, Advance Driver Assisted Systems (ADAS), high-accuracy positioning, innovative mobility and smart city applications. Objective Software GmbH was founded in 1998 and is based in Munich, Germany.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2018-08-07

Objective Software

Munich, Germany

Objective Software GmbH is a provider of software development services and IP based solutions for autonomous vehicles, Advance Driver Assisted Systems (ADAS), high-accuracy positioning, innovative mobility and smart city applications. Objective Software GmbH was founded in 1998 and is based in Munich, Germany.

Buy

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