US-based Traffic Technology Services (TTS) is expanding into Europe, with the creation of a subsidiary, TTS Europe, to expand the company in connected vehicle application data content. The new company will be based in Munich, headed by Dr Frank Offermann as CEO and will officially open in 2016.
TTS is the developer of the Personal Signal Assistant product portfolio, used by OEMs and Tier 1s in various connected vehicle applications from engine management to recommended speeds for eco-driving. TTS is now
RSSUS-based Traffic Technology Services (TTS) is expanding into Europe, with the creation of a subsidiary, TTS Europe, to expand the company in connected vehicle application data content. The new company will be based in Munich, headed by Dr Frank Offermann as CEO and will officially open in 2016.
TTS is the developer of the Personal Signal Assistant product portfolio, used by OEMs and Tier 1s in various connected vehicle applications from engine management to recommended speeds for eco-driving. TTS is now deploying the Personal Signal Assistant service worldwide in select metro areas, expanding on the deployment started in North America.
"The market for TTS data products is maturing faster than anticipated, and TTS is preparing for the future," said Thomas Bauer, TTS chief executive officer. "The addition of TTS Europe will allow us to implement our technologies in Europe, which we have already proven as a global, scalable solution."
Dr Offermann adds, "Our customers have asked us to expand our data products and services to Europe, to address the unique transportation problems, especially on motorways."
TTS is the developer of the Personal Signal Assistant product portfolio, used by OEMs and Tier 1s in various connected vehicle applications from engine management to recommended speeds for eco-driving. TTS is now deploying the Personal Signal Assistant service worldwide in select metro areas, expanding on the deployment started in North America.
"The market for TTS data products is maturing faster than anticipated, and TTS is preparing for the future," said Thomas Bauer, TTS chief executive officer. "The addition of TTS Europe will allow us to implement our technologies in Europe, which we have already proven as a global, scalable solution."
Dr Offermann adds, "Our customers have asked us to expand our data products and services to Europe, to address the unique transportation problems, especially on motorways."
