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  5. Luxoft Holding Acquires CMORE Automotive

M&A Deal Summary

Luxoft Holding Acquires CMORE Automotive

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

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

M&A Deal Summary
Date 2020-03-05
Target CMORE Automotive
Sector Information Technology
Buyer(s) Luxoft Holding
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Luxoft Holding

Zug, Switzerland
Category Company
Founded 2000
Sector Information Technology
Employees12,897
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 STATS #
Overall 13 of 13
Sector: Information Technology M&A 7 of 7
Type: Add-on Acquisition M&A Deals 12 of 12
Country: Germany M&A 3 of 3
Year: 2020 M&A 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.

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