US connected car firm Danlaw has bought Australia-based Vehicle to Everything (V2X) specialist Cohda Wireless.
The transaction is effective immediately: no financial terms were disclosed.
The companies say the synergies between them "will yield remarkable results in the V2X technology landscape", primarily around connected vehicle safety and smart city applications, including more efficient traffic management.
The integration of Cohda's V2X-Locate technology along with its ETSI, North American and China-based V2X communication stacks "will offer better positioning accuracy and connectivity solutions for vehicles, enabling real-time communication between vehicles and infrastructure, pedestrians, and other road users".
There are geographical synergies: Danlaw has a presence in North America and India, while Cohda is well known in Asia-Pacific and Europe.
"This acquisition is a testament to Danlaw's dedication to creating a safer and smarter future for transportation and urban environments," says Danlaw CEO Tom Rzeznik. "With Cohda's expertise on board, we are confident that our combined efforts will accelerate advancements in V2X technology."
Cohda CEO Dr. Paul Gray says: "We are thrilled to join forces with Danlaw, a company that shares our global commitment and passion for innovation and safety. Together, we are poised to lead the way in V2X technology and make a lasting impact on the industry."
Danlaw insists it is committed "to maintaining and enhancing the quality of service and support that Cohda's existing customers have come to expect".
