VECTOR takes majority stake in EYYES
VECTOR Informatik GmbH expands global presence with majority ownership of Austrian AI expert EYYES GmbH
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Gedersdorf, Austria (ots)
Stuttgart-based software specialist, VECTOR Informatik GmbH, is set to acquire a majority stake in EYYES GmbH, an Austrian AI and camera sensor expert, marking VECTOR's entry into advanced driver assistance systems for rail and commercial vehicles. This strategic partnership anticipates substantial technological synergies and positions EYYES as an independent player in the evolving landscape of AI-driven traffic safety solutions.
VECTOR CEO Thomas Riegraf sees this acquisition as a pivotal move into innovation, emphasizing significant synergies within the technological environment. EYYES founder and CEO Dipl. Ing. Johannes Traxler recognizes the strategic significance of VECTOR's majority ownership, ensuring their role as a forward-looking partner for major projects with OEMs and Tier-1s.
With over 35 years of expertise, VECTOR specializes in electronics and software development for embedded systems across 33 global locations. The collaboration with EYYES aligns seamlessly with VECTOR's commitment to comprehensive testing at various levels of distributed embedded systems.
EYYES, with 28 experts in Austria and Germany, leads in AI-driven driver assistance and traffic perception using camera sensors. Their patented warning systems find applications in rail transport, automotive sectors, and general traffic scenarios. Specializing in customized solutions for rail and commercial vehicles, EYYES' intelligent sensors contribute to improved traffic light control through automatic recognition of wheelchair users.
The partnership underscores a joint commitment to advancing technology in transportation, making roads and railways safer through innovative solutions.
PRESS CONTACT:
EYYES GmbH, Im Wirtschaftspark 4, 3494 Gedersdorf, Austria
Dr. Wolfgang Domann
Tel. +4366488110000
wolfgang.domann@eyyes.com
www.eyyes.com
Vector Informatik GmbH, Ingersheimer Straße 24, 70499 Stuttgart, Germany
Heike Schmidt
Tel. +49711806705356
heike.schmidt@vector.com
www.vector.com
Original content of: EYYES GmbH, transmitted by news aktuell