06.09.2018
EDAG Engineering Group AG CH0303692047
DGAP-News: EDAG Engineering Group AG: With trive.me, EDAG is awarded software development order by RIO
DGAP-News: EDAG Engineering Group AG / Key word(s): Incoming Orders
EDAG Engineering Group AG: With trive.me, EDAG is awarded software
development order by RIO
06.09.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
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EDAG Engineering Group AG: With trive.me, EDAG is awarded software
development order by RIO
Arbon, September 6, 2018
EDAG Engineering Group AG, a leading independent engineering services
provider to the global automotive industry, is enjoying rapid growth with
its "trive.me" brand. Launched in 2016, the startup provides the automotive
industry with innovation management solutions, as well as with software
development products and services. The digitalization of business processes
and products is the accelerator for the new business model within the EDAG
Group.
trive.me has now also convinced "RIO" of its competencies. RIO is the
digital brand of Volkswagen Truck & Bus (soon to be TRATON GROUP), and the
first manufacturer-independent, cloud-based platform used for the global
transport of goods. Within the context of this new order, trive.me will be
working on the further development of the cloud-assisted platform and
related devices. Experts in front end and back end development, cloud
computing and big data will be employed on this project. Securing
"over-the-air" update functions is a further important element of this
project.
We are delighted to be able to implement this important project in
cooperation with RIO," explained Cosimo De Carlo, CEO of the EDAG Group.
"The EDAG Group is continually extending its range of digitalization
services, in this way establishing its position as a creator of the new
world of mobility. The growing number of high profile digitalization orders
shows that we are setting the right priorities and that our team supplies
first-class results."
About EDAG
EDAG is an independent engineering service provider working for the global
automotive industry. The company has a global network of some 60 branches at
the world's major automobile centres to serve leading national and
international vehicle manufacturers and technologically discerning
automotive suppliers.
In addition, EDAG also offers engineering services in the vehicle
engineering, electrics/electronics and production solutions segments. This
extensive competence enables EDAG to provide its customers with all-round
support, from the original idea to design, through to product development,
prototype construction and even turn-key production systems. As an
innovative technological leader, the company also has competence centres for
ground-breaking future technologies for the automotive industry: lightweight
design, eMobility, car IT, integral safety and new production technologies.
In 2017, the company achieved a sales volume of EUR 717 million and an
adjusted EBIT of EUR 32.6 million. On 31st December, 2017, EDAG employed a
workforce of 8,404 (including apprentices) in 19 countries.
Contact:
Public Relations
Christoph Horvath
Press Spokesman of the EDAG Group
Tel.: +49 (0) 661- 6000 570
Mobile: +49 (0) 171- 8765 310
E-mail: [email protected]
www.edag.de
Investor Relations
Sebastian Lehmann
Head of Investor Relations
Tel.: +49 (0) 611- 7375 168
Mobile: +49 (0) 175- 8020 226
E-mail: [email protected]
ir.edag.de
Forward-looking statements
This release contains forward-looking statements. These statements are based
on current estimates and projections of EDAG Executive Board and currently
available information. They are not guarantees of future performance,
involve certain risks and uncertainties that are difficult to predict, and
are based upon assumptions as to future events that may not be accurate.
Many factors could cause the actual results, performance or achievements of
EDAG to be materially different from those that may be expressed or implied
by such statements. EDAG does not assume any obligation to update the
forward-looking statements contained in this release.
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06.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: EDAG Engineering Group AG
Schlossgasse 2
9320 Arbon
Switzerland
Phone: +41 71 54433-0
E-mail: [email protected]
Internet: www.edag.com
ISIN: CH0303692047
WKN: A143NB
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News Service
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718637 06.09.2018
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