Seoul, September 04, 2018
A global connected car software provider EnGIS Technologies announced its acquisition of CUROS, a telematics expert based in Korea. EnGIS had received all necessary regulatory consents related to the deal and expects to complete the transaction by the end of September 2018.
Since 2015 CUROS (http://www.curos.co.kr/ ) has partnered with LG Electronics, one of global leading automotive Tier 1s to develop telematics software and cloud based ICT services for Volkswagen, GM and Geely. “We’re pleased to close this transaction in that the technical capabilities and deep knowledge that CUROS have will help deliver core competencies of automotive telematics, which will drive V2X communication with the coming of 5G,” said Gregory, a CEO of EnGIS Technologies. Electronic Horizon is a core building block of highly automated driving enabling Advanced Driver Assistant System. EnGIS integrates the HD map or ADAS map as a principal data source to provides more detailed view of the road ahead and enhances driving safety as built-in sensors only can sense within relatively short range. EnGIS expects the advancement of 5G network will fuel this future-oriented solution in the near future. About EnGIS Technologies, Inc. EnGIS Technologies offers a suite of software technologies for the connected car and support of autonomous driving. Examples include all forms of navigation, Connected ADAS and Over-The-Air in-vehicle software management and update. EnGIS has successfully commercialized the world 1st smartphone connected navigation and leveraging its 20-year expertise in location based services it has been supplying its innovative automotive software solutions to some of the world’s best known automakers and Tier 1s. Press Contacts info@engistech.com