Renault reinforces its development in the connected vehicle, with a proposed acquisition of …

With the proposed acquisition of the R&D activity French Intel, specialized in embedded software, connectivity, and the creation of new services client, the Renault Group is accelerating its development in the field of connected vehicles and autonomous.

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• This activity represents more than 400 employees, highly qualified, with a long international experience in software development.

• With two sites located in Toulouse and Sophia Antipolis, Renault made the choice to pursue innovation and research in France.

Boulogne-Billancourt, may 24, 2017 – The Renault Group has announced the signing of a definitive agreement for the acquisition of the R&D activity French Intel on embedded software”, located on the sites of Toulouse and Sophia-Antipolis in France.

With this acquisition, the Renault Group will have the skill set necessary to strengthen the development of the new generation of embedded software in its vehicles, which are able to provide personalized services, to update remotely, independently and in real time, without the intervention of a third party.

“This proposed acquisition fully fits with the strategy of the Renault Group, which aims to provide new connected services and improve the experience of its customers. Employees of Intel who will join Renault have skills and profiles are very skilled in a technical field and competitive, where the Alliance is one of the world leaders. The Renault Group continues to support innovation and economic development in France “, said Carlos Ghosn, President and ceo of Renault.

The R&D teams French Intel, whose expertise is recognized in the field of creation and development of software, have solid competitive advantages that are complementary to Renault. They will bring to the Group their expertise, their experience, and their methods and tools, as well as their networks of providers, laboratories, and businesses partners. Some teams have already skill applied to the sector of the automotive industry in the application domain of Multimedia and connectivity.

This acquisition will take place through the purchase by the Renault Group to a newly created company by Intel in which will be transferred the activity of R&D on embedded software, exercised on the sites of Toulouse and Sophia Antipolis in France. This company will be attached to the Engineering department of the Systems Alliance the Renault Group.

The closing of the acquisition remains subject to the usual conditions applicable to this type of operation and should be done by the end of the second quarter of 2017.

About the Renault Group
Car manufacturer since 1898, the Renault Group is an international group, present in 127 countries, which has sold nearly 3.2 million vehicles in 2016. It brings together today more than 120 000 employees, has 36 manufacturing sites and 12 700 points of sale throughout the world. To meet the major technological challenges of the future and pursue its strategy of profitable growth, the group relies on its international development, the complementarity of its three brands (Renault, Dacia and Renault Samsung Motors), the electric vehicle and its unique alliance with Nissan. With a new team in Formula 1, and a strong commitment in Formula E, Renault is a motor sport as a vector of innovation and brand awareness.

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