Audi acquires stake in Cubic Telecom
Audi electronics venture (AEV) has acquired a strategic minority interest in the Irish mobile telephony provider, Cubic Telecom.
Peter Steiner, head of AEV, explained the goal of the partnership: “Audi and Cubic Telecom are strong development partners of connected infotainment solutions and intend to connect the models of the Audi brand even better with its environment and the internet in the future.”
Barry Napier, CEO, Cubic Telecom, said: “The automotive industry is changing faster than ever, and connectivity in the car is at the heart of it. With this partnership Cubic and Audi will work together on a wide range of future connectivity applications.”
Dublin-based Cubic Telecom is a cloud-based M2M platform provider. Its applications and technologies are embedded into the device at the manufacturing stage, enabling always on connectivity anywhere in the world.
Cubic’s clients include Fortune 100 tablet and notebook manufacturers, retailers and M2M and car companies.