The acquisition of Melior Motion strengthens Schaeffler’s robotics portfolio. The company began expanding its robotics presence in 2017.
Drive by Wire Technology Acquired by Schaeffler for Autonomous Vehicles
German automotive supplier Schaeffler is acquiring drive-by-wire technology Space Drive from Paravan GmbH. Schaeffler said on this will play a key role in self-driving cars. The Schaeffler Group, in cooperation with Roland Arnold and Paravan GmbH, have agreed on a master agreement for the formation of a joint venture company. The transaction is pending regulatory approval…