VW acquires stake in autonomous driving software developer

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.

Friedrich Eichler, Head of Chassis Development of the Volkswagen brand, said: “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.”

According to Karsten Schulze, managing director of FDTech, “We are a young, dynamic company with more than 20 years of experience in the field of driver assistance and automated driving. Our mission is to make automated, networked mobility available to everyone. The participation of Volkswagen will assist us in realising our ambitious growth plans. We want to be one of the driving forces in automated driving in the technology region of Saxony.”

FDTech holds expertise in the development of algorithms for automated driving, always with a focus on the practicality of series production. The company therefore provides key building bricks for the extension of current mobility and the reshaping of future mobility.