BMW Group and CRITICAL Software form Critical TechWorks corner try in Portugal.

Munich. With signature of a final contracts and
capitulation of a foe authorities, a BMW Group and a company
CRITICAL Software have resolved a arrangement of their corner venture.
The new joint-venture association with a name Critical TechWorks will
mix both partners’ imagination in reward mobility and automotive
program engineering for a expansion of ground-breaking on- and
offboard applications. The BMW Group binds a 51 percent interest in the
new company, that already employs around 200 people during a locations
in Lisbon and Porto in Portugal.

Critical TechWorks represents an critical serve to a BMW
Group’s tellurian creation network in a area of IT and software
development. With increasing impasse in a margin of
digitalisation, a BMW Group is posterior a goals set out in its
Strategy NUMBER ONE NEXT: forging brazen with a transformation
into a mobility-tech association and actively moulding a digital

shift in a automotive industry.

“With this stakeholding, we are selectively expanding a IT and
program imagination and enhancing a inhouse capabilities in this
area. Starting today, in serve to a locations worldwide, we will
also be building ground-breaking solutions for digitalisation and
automation of product development, prolongation and sales here in the
heart of this fast-growing IT hotspot,” pronounced Klaus Straub, Senior
Vice-President BMW Group Information Management, during a signing
ceremony. Christoph Grote, Senior Vice-President BMW Group
Electronics, added: “With a offices in Portugal, we are integrating
a pivotal plcae for expansion of digital services. At a same time,
we will advantage from a flourishing and energetic sourroundings with young
talents who fit a DNA ideally and are ardent about our
products. This will strengthen a creation care and our
prophesy of a automobile of a destiny as intelligent and predictive.”

The categorical charge for Critical TechWorks will be expansion and
operation of high-end program solutions in several areas. Employing
flexible expansion methods, a corner venture’s specialists will use
BMW Group information to emanate innovative business models and develop
knowledge-based products. The operation of innovations extends from in-car
infotainment solutions and digital services, to unconstrained transport
systems for production, to digital sales and aftersales platforms, and
highly-integrated solutions for product information management.

CRITICAL Software and a BMW Group have equal illustration on the
corner venture’s supervision team:

From CRITICAL Software

  • Rui Cordeiro, Chief Executive Officer
  • Paulo Guedes, Chief Financial Officer

From a BMW Group

  • Jochen Kirschbaum, Chief Operating Officer, Onboard Applications
  • Martin Zierheim, Chief Operating Officer, Offboard Applications

“Launching a program association like Critical TechWorks is the
possibility of a lifetime,” according to Rui Cordeiro. “Software has a huge
purpose to play in moulding a destiny of mobility and a automotive
attention as a whole, and we devise to turn a anxiety indicate not only
in Portugal, though opposite a world.”

Reflecting a vital stress of digitalisation, a new
joint-venture association is geared towards energetic growth. There are
skeleton to enhance a workforce to adult to 500 employees in 2019, with
serve increases going forward.

The corner venture’s Portuguese sites, located only a few miles from
a Atlantic coast, yield ideal conditions for fit cooperation
with a BMW Group’s existent IT network, as good as solid growth.
Portugal has turn an appealing plcae for new businesses in the
margin of digitalisation, charity a lively, artistic and innovative
start-up scene. With a glorious ride and telecommunications
infrastructure, supervision investment incentives and high turn of
political, legal, mercantile and amicable stability, Portugal has been
generally successful in attracting companies from expansion industries
in new years.

Critical TechWorks will be benefaction during this year’s Web Summit in
Lisbon from 5 to 8 November. Interested field will have the
possibility for an “on-the-spot” pursuit interview. More information on job
vacancies during