Consolidation in Automated Driving Segment- Qualcomm’s Acquisition of software division of Veoneer cleared by Bundeskartellamt

In the space of automated driving segment, expect more action with the US chip manufacturer Qualcomm’s acquisition of software division under the ‘Arriver’ brand from Veoneer Inc., a Swedish Enterprise.

The German competition regulator, Bundeskartellamt, has cleared Qualcomm Inc.’s acquisition of the software division, Arriver, of Swedish automotive supplier Veoneer Inc., in a deal that will play a crucial role in the future of driver assistance systems in the area of automated driving. Andreas Mundt, President of the Bundeskartellamt, further stated: “Our assessment focused, among other things, on the question as to whether competitors that rely on purchasing chips or software from third parties could be squeezed out of the market following Qualcomm’s acquisition of the Arriver business. After having carried out extensive investigations, we have no competition concerns.”