International Automotive Group Buys Hungarian Company

The Stellantis car group (formed last year by the merger of Fiat and other car manufacturers) has announced the acquisition of aiMotive, a Hungarian company that develops software for self-driving cars.

Under the terms of the agreement between Stellantis and aiMotive, the Hungarian company will become a subsidiary of Stellantis and its founder, László Kishonti, will continue as CEO of the company. In a statement, Stellantis said that the acquisition will give them access to aiMotive's "world-class" developments, which will help them maintain Stellantis' growth and achieve their goals up to 2030.

aiMotive is based in Budapest, Hungary, with offices in Germany, the United States and Japan, with over 200 highly skilled employees worldwide, including engineers with advanced artificial intelligence and autonomous driving expertise. aiMotive will operate as a subsidiary of Stellantis, maintaining its operational independence and startup culture. Founder László Kishonti will remain as CEO. It will continue selling three areas of its current technology product portfolio, including aiData, aiSim and aiWare, to other partners.

Stellantis will establish a Board of Directors to oversee aiMotive while preserving its startup mindset of rapid innovation. aiMotive team will be fully part of the Stellantis autonomous driving and artificial intelligence teams.

Completion of the acquisition is subject to customary closing conditions, including the satisfaction of antitrust requirements, the statement said.