This week, German carmaker Porsche announced it will acquire a majority stake in German software developer Cetitec, as a means to bring to the market new electronics solutions for the cars it is building.
Cetitec and Porsche are no strangers, as the two are already involved in several joint projects. Those projects include the creation of a new electronics architecture, backed by the Volkswagen Group, which will be used on its vehicles starting 2022.
Porsche did not specify what cars will be based on the new architecture, but it’s likely they will be, at least at first, electric models, one that is already in development.
Michael Steiner, a Porsche executive in charge with research and development, says that the tie-up with Cetitec will even allow future Porsche owners to update their cars just as they do their phones today.
“In the future, our customers will expect the kind of software updates for their car that they’re familiar with today from their smartphone,” he said.
“The ability to bring new functions and services to the market quickly will be the dominant competitive factor in the future. We need an up-to-date software architectures and suitable solutions for this. That’s what makes Cetitec the right partner for us.”
The German carmaker did not disclose the size of its investment in Cetitec, and says it is now awaiting approval for the deal from the German Federal Cartel Office.