TTTech Auto, a global leader in safety software platforms for automated driving and beyond, has acquired the Turkish software company Red Pine Software. TTTech Auto continues its growth strategy with this acquisition and increases its software development capacities for Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD) series development projects featuring its flagship product MotionWise.
Red Pine and its 60 employees are experts in automotive embedded software engineering with a focus on ADAS. The acquisition became effective as of 1 January 2020.
The acquisition of Red Pine Software expands TTTech Auto’s strong footprint from the Central and Eastern Europe region (CEE) to Izmir in the Aegean region and represents another key step in its overall growth strategy. With the previous acquisitions of RT-RK Automotive in Serbia, Croatia and Bosnia–Herzegovina and Silicon Gears in Spain as well as its overall fast-paced growth, TTTech Auto has doubled its workforce over the last two years. TTTech Group will exceed the 2,000-employee mark in 2020.