Quantum Inventions will add to Continental’s growing Intelligent Transportation Systems (ITS) portfolio with its city data including next generation navigation systems that are highly responsive to real-time information such as traffic data, road incident information and dynamic road pricing. With the closing, Continental will welcome around 120 employees working across Quantum Inventions’ three offices in Singapore, Malaysia and Indonesia; and Quantum Inventions Development Centre (QIDC) in India into its fold.
Quantum’s solutions are based on its proprietary state-of-the-art data technology platform which provides connected navigation, traffic and transportation intelligence, high-speed dynamic routing computation algorithms, and real-time probe data processing and analysis. The company has three business lines – Automotive, Telematics and Intelligent Mobility.
For more information on this acquisition, please refer to the attached Press Release or visit our Press Portal.