The BMW Group and CRITICAL Software are expanding their cooperation

Munich. Following successful collaboration in the
past, the BMW Group and CRITICAL Software are now planning a strategic
expansion of their cooperation. The two companies have reached an
agreement to form a joint venture entitled Critical TechWorks, subject
to examination of and approval from the relevant competition authorities.

By creating this joint venture, the BMW Group is further moving along
its transformation into a mobility tech company as part of its NUMBER
ONE NEXT strategy. Critical TechWorks will complement the highly
experienced and constantly expanding BMW Group network in the fields
of software development and IT. The two partners stand to benefit from
CRITICAL Software’s many years of experience in agile software
development and the over 100 years of experience of the BMW Group in
the advancement of ground-breaking premium mobility.

Critical TechWorks will be bringing its expertise to bear in vehicle
connectivity, cloud-based IT solutions and the digitalisation of
corporate processes. The joint venture seeks to initiate
interdisciplinary collaboration both in the customer-relevant fields
of infotainment and digital services, and when it comes to the
digitalisation and automation of product development, production and sales.

The BMW Group’s stake in Critical TechWorks secures it access to the
know-how and skills of a highly successful European software
development company. The Lisbon and Porto locations are witnessing
particularly dynamic growth in this sector. Together with the
companies already located in Portugal, this is contributing to the
emergence of a European technology ecosystem for the development of
digital services and products.

At the same time, the BMW Group is increasing the number of IT and
software development employees both in Germany and at its many other
facilities around the world. Through its commitment to building both
its range of skills and its internal capabilities, the BMW Group is
strongly placed to play an active role in shaping the digital
revolution in the automotive industry.

 

 

If you have any queries, please contact:

 

Corporate Communications

 

Michael Ortmeier, BMW Group IT Communications

michael.ortmeier@bmwgroup.com, Telephone: +49 89 382-51344

 

Glenn Schmidt, Head of Business and Finance Communications

glenn.schmidt@bmwgroup.com,
Telephone: +49 89 382-24544

 

Media website: www.press.bmwgroup.com

Email: presse@bmw.de

 
 

 

The BMW Group

 

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 30 production and assembly
facilities in 14 countries; the company has a global sales network in
more than 140 countries.

 

In 2017, the BMW Group sold over 2,463,500 passenger vehicles and
more than 164,000 motorcycles worldwide. The profit before tax in the
financial year 2017 was € 10.655 billion on revenues amounting to
€ 98.678 billion. As of 31 December 2017, the BMW Group had a
workforce of 129,932 employees.

 

The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.

 

 

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