The agreement will establish a deeper partnership between two innovators with decades of experience in the automotive industry. By combining the NI software-defined platform and comprehensive I/O capabilities with ETAS’ expertise in developing and integrating HiL solutions, the partnership will deliver new test offerings to meet customer needs in the rapidly evolving automotive sector driven by electrification and Advanced Driver Assistance Systems (ADAS).
Each company will own 50 percent of the joint venture, which will be headquartered in Stuttgart, Germany. The completion of the transaction is subject to customary conditions including regulatory and antitrust clearances and is expected to close in June 2019.
The development of modern vehicles is continuing to become more complex through increased levels of automation via driver assistance systems. As a result, automotive suppliers and automakers demand for increased efficiency in software development. The strength of the NI and ETAS teams, domain expertise, and global footprint create a unique opportunity to broaden the reach to customers and help them solve the development challenges in the automotive industry. The systems offered by the joint venture will provide a powerful solution, helping facilitate shorter design cycles, reduced test time, and faster time to market.