Haar near Munic, July 20, 2022 – Softing Automotive Electronics, a wholly owned subsidiary of Softing AG, today announced that it has been awarded an exclusive contract by a southern German manufacturer of premium vehicles to develop and supply a production system for parameterizing and diagnosing vehicles in production. Softing prevailed over a large number of competitors with its technology.
The order has a direct volume of more than EUR 10 million comprising services and products. Softing expects this order to generate add-on revenue of a similar magnitude. The major portion of the revenue estimated to reach up to EUR 20 million will be spread over the next five to six years, with delivery of the first samples to commence in 2023.
The vehicle manufacturer will equip its worldwide production network with the production system to be supplied by Softing. Softing is expected to supply around 10,000 parameterization devices for production. The Softing product is needed to load the data volumes of future vehicle architectures into the vehicles within the time constraints determined by the manufacturing cycle. The previous production system cannot deliver the transmission speed required for this purpose.
Dr. Wolfgang Trier, Chief Executive Officer of Softing AG, commented: "Our wholly owned subsidiary Softing Automotive Electronics has so far focused on vehicle development and servicing. While we are also responsible for parameterization in a sports car manufacturer’s production process, this order marks another important step enabling us to gain a strong foothold in the production process of an international premium manufacturer. We are delighted about this vote of confidence from our customer and are excited to further grow our business with them.”
About Softing Automotive Electronics GmbH
Softing Automotive provides diagnostic and test solutions for the entire life cycle of electronic control units as well as entire vehicle systems. All over the world, leading vehicle manufacturers, system and ECU providers have been relying on tried and tested tools and solutions from Softing for more than 40 years now.
In its developments, Softing Automotive relies on standardization which is why Softing is an active member of the most important standardization committees in automotive electronics, such as SAE International, ASAM and ISO. Softing is one of the market leaders with over 90,000 installations in the growth market of test and diagnostic systems in vehicle electronics.