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Volkswagen Group acquires minority interest in FDTech; software and systems for autonomous driving

The Volkswagen Group has acquired a minority stake in the technology development company FDTech GmbH.

The company, which has its headquarters in Chemnitz and was established in 2017, currently employs about 30 experts and develops algorithms for systems in the field of automated and autonomous driving with a focus on series production.

We are working flat out to integrate highly automated driving in the next generation of Volkswagen cars. Through our participation in FDTech, we have gained further essential expertise. The company from Saxony is a fantastic example of the innovative power of German small and medium-sized companies. We will combine this innovative power with our performance capabilities as a global mobility company.

—Friedrich Eichler, Head of Chassis Development of the Volkswagen brand

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